Fnality, a London-based operator of regulated blockchain payment systems, has raised $136 million in a Series C funding round led by major banks and asset managers, including WisdomTree, Bank of America, and Citi. This funding will support the expansion of Fnality’s distributed ledger technology (DLT)-enabled settlement systems across various currencies and markets. Fnality launched the Sterling Fnality Payment System (£FnPS) in December 2023, which was recognized by the UK government for its significance in the financial ecosystem. The system facilitates real-time settlement of tokenized securities and foreign exchange transactions, enhancing efficiency and reducing counterparty risk. CEO Michelle Neal remarked that this funding indicates a strong belief in the necessity for a new foundation in the future of money, with Fnality at its center. The support from industry investors underscores the potential of regulated DLT infrastructure to transform wholesale markets and aligns with a broader industry shift towards tokenized assets and blockchain-based market infrastructures.

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