Fnality raised $136 million in a Series C led by Bank of America, Citi and WisdomTree to scale its blockchain settlement network for real-time, 24/7 institutional settlements and to expand into US dollar and euro markets pending regulatory approval.
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Fnality raised $136 million to expand blockchain settlement rails
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Funding led by Bank of America, Citi, KBC Group, Temasek, Tradeweb and WisdomTree supports USD and EUR rollout plans.
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Fnality focuses on real-time settlement, tokenized securities settlement and cross-currency payments to reduce settlement risk.
Fnality raises $136M to scale blockchain settlement rails; discover how this Series C accelerates tokenized finance expansion—read the latest update now.
What is Fnality’s Series C and why does it matter?
Fnality raised $136 million in a Series C round led by major banks to scale its distributed ledger-based settlement network. The capital backs expansion into US dollar and euro markets and strengthens infrastructure for tokenized assets, aiming to deliver real-time settlement and improved liquidity for institutional payments.
How will Fnality use the new funding to bridge TradFi and tokenized markets?
Fnality will deploy funds to extend its sterling-denominated payment system into US dollar and euro corridors, subject to regulatory approvals. The platform uses distributed ledger technology for real-time repo, tokenized securities settlement and cross-currency payments, reducing counterparty risk and settlement delays.
Fnality raised $136 million in a round led by Bank of America, Citi and WisdomTree to grow its blockchain settlement network, bridging traditional finance and tokenized assets.
London-based blockchain payments company Fnality has secured $136 million in a Series C funding round backed by some of the world’s largest financial institutions. The round was led by Bank of America, Citi, KBC Group, Temasek, Tradeweb and WisdomTree, with returning investors including Goldman Sachs, Santander, Barclays and UBS, according to the company announcement.
Fnality raises $136 million. Source: Fnality
Fnality CEO Michelle Neal said the raise “reflects a shared conviction that the future of money demands a new foundation,” highlighting the platform’s 24/7 payment rails, real-time settlement and enhanced liquidity features. WisdomTree CEO Jonathan Steinberg called the platform a “critical foundation” for tokenized finance, noting the investment aligns with ambitions to access tokenized markets.
Why does Fnality’s approach matter to institutional finance?
Fnality targets wholesale payments modernization by linking blockchain-based settlement systems to central bank reserves. This architecture enables instant finality for high-value transactions, better liquidity management and streamlined settlement for tokenized securities—addressing long-standing inefficiencies in institutional clearing and settlement.
What are the regulatory and market expansion steps for Fnality?
Fnality plans USD and EUR launches pending regulatory approvals in relevant jurisdictions. The company has already launched a sterling-denominated Fnality Payment System in the UK and will pursue supervisory clearance, bank integrations and market adoption steps to enable cross-currency and tokenized asset workflows.
How does Fnality compare to existing settlement systems?
| Feature | Traditional Settlement | Fnality DLT-based Settlement |
|---|---|---|
| Settlement speed | Batch-based, delayed | Real-time, 24/7 |
| Liquidity usage | Higher intraday liquidity needs | Improved liquidity efficiency |
| Tokenized asset support | Limited | Native support for tokenized securities |
Frequently Asked Questions
How much did Fnality raise and who led the round?
Fnality raised $136 million in a Series C led by Bank of America, Citi, KBC Group, Temasek, Tradeweb and WisdomTree, with follow-on investments from existing backers including Goldman Sachs, Santander, Barclays and UBS.
Will Fnality launch in US dollars and euros?
Yes. Fnality intends to expand into US dollar and euro markets, contingent on receiving regulatory approvals and completing required integrations with local banks and central bank frameworks.
What services does Fnality provide to institutional clients?
Fnality provides blockchain-enabled wholesale payment rails, real-time repo settlement, tokenized securities settlement and cross-currency payments designed for institutional use cases and integration with central bank reserves.
Key Takeaways
- Major capital injection: $136M Series C validates institutional demand for blockchain settlement rails.
- Strategic backers: Funding led by Bank of America, Citi and WisdomTree strengthens market credibility.
- Scalable use cases: Focus on real-time settlement, tokenized securities and cross-currency payments with planned USD/EUR rollouts.
Conclusion
Fnality’s $136 million Series C advance accelerates the adoption of distributed ledger technology for wholesale settlements, strengthening the link between traditional finance and tokenized markets. As Fnality pursues US dollar and euro launches and regulatory approvals, market participants should monitor integrations and pilot outcomes that will define the next phase of institutional payment rails.
Published: 2025-09-23 | Updated: 2025-09-23 | Author: COINOTAG
