Banks Fund Fnality's Blockchain to Forge Financial Infrastructure's Future

Fnality International has raised $136 million in a Series C funding round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb, with existing investors including Banco Santander, Barclays, BNP Paribas, Goldman Sachs, ING, and UBS also participatingFnality Raises $136 Million in Series C Funding | Fnality^[1]. The investment aims to expand Fnality’s blockchain-based wholesale payment systems, which leverage distributed ledger technology (DLT) to enable real-time, secure, and 24/7 settlement of tokenized assets and cross-border transactionsFnality Raises $136 Million in Series C Funding | Fnality^[1]. The firm’s Sterling Fnality Payment System (£FnPS), launched in December 2023 and granted settlement finality designation in December 2024, serves as a regulated DLT-based infrastructure for institutional marketsFnality Raises $136 Million in Series C Funding | Fnality^[1]. Funds will support the rollout of similar systems in major currencies like the U.S. dollar and euro, pending regulatory approval, while enhancing liquidity management tools and interoperability for stablecoins and tokenized deposits.

Fnality’s platform bridges traditional finance with emerging tokenized markets by anchoring transactions in central bank-backed digital cash, reducing counterparty and settlement risksFnality Raises $136 Million in Series C Funding | Fnality^[1]. The system facilitates delivery-versus-payment (DvP) for securities, payment-versus-payment (PvP) for foreign exchange, and real-time repo transactions, enabling institutions to optimize liquidity and operational efficiencyFnality Raises $136 Million in Series C Funding | Fnality^[1]. Investors emphasize the platform’s potential to modernize financial infrastructure, with Bank of America’s Co-President Jim DeMare noting that the partnership “accelerates the digitization of institutional markets,” while Citi’s Deepak Mehra highlighted its role in delivering “innovative solutions for the digital asset landscape”Fnality Raises $136 Million in Series C Funding | Fnality^[1].

The Series C follows a $95 million Series B in 2023, led by Goldman Sachs and BNP Paribas, and a $67 million Series A in 2019. With cumulative funding exceeding $280 million, Fnality’s shareholders include over 30 global financial institutions, reflecting broad institutional support for its vision of a hybrid financial ecosystemFnality Raises $136 Million in Series C Funding | Fnality^[1]. The company’s roadmap includes expanding its network to major currencies, developing on-chain workflows, and aligning with tokenization initiatives such as JPMorgan’s Onyx and HSBC’s deposit token experiments. WisdomTree’s Jonathan Steinberg described the investment as a “critical foundation for tokenized finance,” underscoring the firm’s alignment with blockchain-based innovationsFnality Raises $136 Million in Series C Funding | Fnality^[1].

Analysts view Fnality’s growth as indicative of rising institutional adoption of tokenized assets. By providing a regulated, central bank-backed settlement layer, the platform addresses fragmentation in liquidity management and reduces operational risks for cross-border and tokenized transactions. The firm’s earmarking feature, which allows institutions to reserve funds for specific purposes, further enhances programmability and automation in financial workflows. As tokenized markets expand, Fnality’s infrastructure is positioned to become a core component of global capital markets, enabling seamless integration of decentralized finance (DeFi) and traditional systems.

The funding round underscores the urgency to address inefficiencies in wholesale payments, which currently involve slow, costly processes and significant capital tie-ups. Fnality’s DLT-based approach replaces intermediaries with direct, atomic settlements, offering institutions faster access to liquidity and reduced operational complexity. With regulatory frameworks evolving to accommodate digital assets, Fnality’s collaboration with central banks and market infrastructures positions it to shape the future of financial market infrastructureFnality Raises $136 Million in Series C Funding | Fnality^[1]. As CEO Michelle Neal stated, the investment accelerates the development of a “resilient, inclusive, and hybrid future of global finance,” where traditional and tokenized markets operate in tandemFnality Raises $136 Million in Series C Funding | Fnality^[1].