FNALITY raises $ 136 million to expand blockchain payment systems for banks



Fnaly, a Fintech company that builds tokenized versions of the main cash guaranteed coins in Central Banks, has raised $ 136 million in a round C series to expand its wholesale wholesale payment systems based in Blockchain, said the firm based in London on Tuesday.

The investment was directed by Wisdomtree, Bank of America, Citi, KBC Group, TeMek and Tradeweb, with existing sponsors, including Goldman Sachs, UBS and Barclays also participating.

Fnaly raised $ 95 million in 2023, a round directed by Goldman and BNP Paribas. The liquidation infrastructure of the firm is executed in distributed accounting technology and allows the pibra sterling payments to be processed in the chain with money from the Central Bank.

The new capital will be used to implement similar systems in other currencies, improving the liquidity management tools and the support of the liquidation of tokenized assets, such as values ​​and stables, according to a press release.

The firm’s offer allows real -time settlement of operations, payment against digital values ​​and payments versus payments for foreign exchange. For banks, that could mean less intermediaries, faster settlement and more efficient use of capital. For example, a repository trade that generally takes a day to establish could close instantly, releasing cash for other transactions.

The Fnaly executive director, Michelle Neal, said that financing marks a step towards “a hybrid future of global finances”, where traditional institutions interact without problems with decentralized markets. Sponsors such as Wisdomtree and Bank of America framed investment as part of a broader change to modernize financial infrastructure for tokenized assets.



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