Fnality Raises $136M to Expand Blockchain Settlement Network
London-based Fnality has secured $136 million in a Series C funding round led by Bank of America, Citi and WisdomTree, with participation from KBC, Temasek, Tradeweb and existing backers such as Goldman Sachs, Santander, Barclays and UBS. The fresh capital will accelerate the expansion of its blockchain settlement network, extending its GBP-denominated Fnality Payment System to USD and EUR markets pending regulatory approvals. Fnality’s platform uses distributed ledger technology to provide 24/7 payment rails, real-time delivery-versus-payment (DvP) of tokenized assets backed 1:1 by central bank money. This landmark Series C funding underlines the market’s belief in blockchain settlement as a core infrastructure for tokenization. By streamlining institutional repos, tokenized securities settlement and cross-currency payments, the network reduces settlement risk, boosts liquidity and enhances digital asset interoperability. This Series C funding milestone underscores growing institutional confidence in blockchain settlement infrastructure and may drive wider adoption of tokenization in traditional finance and DeFi.
Bullish
This Series C funding round signifies strong institutional backing for Fnality’s blockchain settlement network, likely boosting market sentiment around tokenization and stablecoin interoperability. In the short term, expect increased interest in settlement-layer infrastructure tokens and DeFi projects integrating institutional DvP rails. Long term, wider adoption of tokenized assets and central bank-backed rails could enhance liquidity and reduce counterparty risk across crypto markets, supporting bullish momentum in digital asset infrastructure sectors.