FNALITY, a fintech company building tokenized versions of large currencies guaranteed by species held in central banks, has raised $ 136 million in a series C series to extend its basic payment systems based on blockchain, the company based in London said on Tuesday.
The investment was led by Wisdomtree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, existing donors, notably Goldman Sachs, UBS and Barclays, also participating.
Fnality raised $ 95 million in 2023, a round led by Goldman and BNP Paribas. The company’s settlement infrastructure operates on the technology of the large distributed book and makes it possible to treat chain sterling payments with central bank money.
The new capital will deploy similar systems in other currencies, improve liquidity management tools and support the regulation of tokenized assets such as titles and stablecoins, according to a press release.
The company’s offer allows the regulations in real time of the professions, the delivery against the payment of digital securities and the payment to the payment of foreign exchange. For banks, this could mean fewer intermediaries, a faster colony and more effective use of capital. For example, a replenishment trade which generally takes a day to be settled could close instantly, releasing money for other transactions.
Fnaly CEO Michelle Neal said that funding marks a step towards “a hybrid future of global finance”, where traditional institutions interact transparently with decentralized markets. Donors such as Wisdomtree and Bank of America have supervised investment in the context of a broader change to modernize the financial infrastructure of Tokenized assets.
