Fnality, the operator of next generation wholesale payment systems regulated by central banks, announced that it has raised $136 million (£99.7 million) in a Series C funding round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb. The lead investors were joined by existing investors Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street and UBS.
„This latest capital raise represents a significant milestone for Fnality and its mission to build a new global settlement network, enabled by distributed ledger technology (DLT), that bridges today’s wholesale markets with the emerging world of institutional tokenized assets.” – according to the press release.
Following the launch of the Sterling Fnality Payment System in the UK in December 2023, the ongoing strategic initiatives of Fnality include extending the network’s footprint to other major currencies, delivering solutions that optimize liquidity management, and facilitating the emerging payment ecosystem by providing settlement interoperability for innovations such as stablecoins and tokenized deposits.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
