Fnality, a fintech company focusing on tokenized versions of major currencies, announced it has successfully raised $136 million in a Series C funding round. This investment comes from notable banks and asset managers including WisdomTree, Bank of America, and Citi. The funds will be used to expand blockchain-based wholesale payment systems, enhancing liquidity management and enabling real-time settlement of trades. Fnality's technology operates on distributed ledger technology and aims to facilitate immediate settlement for digital securities and foreign exchange transactions. The CEO of Fnality, Michelle Neal, indicated this funding signifies a transition towards a more integrated financial future, where traditional and decentralized markets function together efficiently. This development highlights a growing institutional interest in modernizing financial infrastructure to accommodate tokenized assets, showcasing a substantial shift in how financial systems are conceptualized and implemented.

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