Fnality, a blockchain payments company based in London, has successfully raised $136 million in a Series C funding round led by major financial institutions, including Bank of America, Citi, and WisdomTree. This funding will expand Fnality's blockchain settlement network, which aims to bridge traditional finance with tokenized assets. The capital will facilitate the company’s growth into US dollar and euro markets, pending regulatory approvals, after launching its sterling-denominated Fnality Payment System in the UK last year. According to Fnality CEO Michelle Neal, the new investment highlights a collective belief in a future of money that requires innovative infrastructure such as real-time payments and enhanced liquidity. The round also saw participation from existing investors like Goldman Sachs and Barclays. This funding boost coincides with rising interest in crypto payment systems, evidenced by partnerships and developments across various sectors seeking blockchain’s efficiency for real-time clearing of transactions.

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