2 years ago

Fnality International Secures £77 Million in Series B Funding for DLT-Based Wholesale Payments

  • Fnality International, a London, UK-based provider of DLT-based wholesale payment systems, has raised £77 million in Series B funding led by Goldman Sachs and BNP Paribas

  • The round also saw participation from DTCC, Euroclear, Nomura, WisdomTree, and several other investors

  • Fnality plans to use the funds to continue developing its global liquidity management ecosystem, which empowers new digital payment models for both wholesale financial markets and emerging tokenized asset markets

  • Fnality's DLT-based payment systems are designed to enable real-time, bankruptcy-remote settlements backed by central bank money

  • The company has already demonstrated several proof-of-concept applications for its technology, including real-time settlement of tokenized securities, real-time cross-border FX swaps, and real-time repo transactions

  • The new funding brings Fnality's total capital raised to £132.7 million, and the company is preparing to launch its initial Sterling Fnality Payment System (£FnPS) operations in 2023, subject to regulatory approval.

      • ProblemFinancial Services

      "making wholesale payments in real-time"

      Solution

      "providing a system for managing digital payments and supporting the growing industry adoption of tokenised assets and marketplaces"

      Covered on