Fnality Raises $136 Million to Advance Blockchain Payment Systems
- Fnality has secured $136 million in Series C funding to enhance blockchain payment systems for banks.
- Major investors include Bank of America, Citi, and WisdomTree.
- The funding will support expansion into new currencies and improve tools for settling tokenized assets.
- This follows a previous round in which Fnality raised $95.2 million from investors like Goldman Sachs and BNP Paribas.
- CEO Michelle Neal emphasizes the goal of reducing intermediaries and speeding up transaction settlements.
The investment aims to modernize banking infrastructure by integrating advanced blockchain solutions that enhance liquidity management and facilitate real-time transactions for digital securities and foreign exchange operations.
With this latest funding round, Fnality is positioned to significantly impact the efficiency of banking transactions, having raised a total of $231.2 million in recent investments.(Source)
