2 years ago

Fnality Secures €89 Million Series B to Build Global Liquidity Management Ecosystem

  • Fnality, a London-based FinTech company, has raised €89 million in Series B funding led by Goldman Sachs and BNP Paribas

  • The funding will be used to establish a global liquidity management ecosystem that empowers new digital payment models in both wholesale financial markets and emerging tokenized asset markets

  • The company plans to launch its Sterling Fnality Payment System (£FnPS) in 2023, subject to regulatory approval

  • Fnality's solution combines the security of central bank money with the innovative functionality of blockchain technology, offering a 24/7 payment rail with real-time settlement capabilities.

      • ProblemFinancial Services

      "streamlining traditional financial processes, reducing costs, and ensuring regulatory compliance in global wholesale markets"

      Solution

      "establishing a global liquidity management ecosystem using blockchain technology to provide a 24/7 payment rail with real-time settlement cycles and improved intraday liquidity management"

      Covered on