Fnality Secures $136 Million in Series C to Propel Global DLT Settlement Network Expansion
London-based Fnality, a pioneering operator in distributed ledger technology (DLT) payment systems, has successfully closed a significant Series C funding round, raising $136 million (£99.7 million). This substantial capital injection is set to accelerate the company’s ambitious vision of building a global layer for the secure and efficient settlement of tokenised assets, marking a pivotal moment in the evolution of wholesale financial markets.
Powering the Future of Tokenised Asset Settlement
The $136 million Series C round saw strong backing from a consortium of leading financial institutions and investment firms. The funding was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb. Additionally, existing investors, including prominent names such as Goldman Sachs, UBS, Barclays, BNP Paribas, and Santander, continued their participation, underscoring confidence in Fnality’s innovative approach.
Fnality’s core mission revolves around establishing a regulated settlement network that seamlessly connects traditional financial infrastructure with the rapidly expanding ecosystem of tokenised assets. This fresh capital is critical for furthering this objective, particularly in expanding Fnality’s wholesale DLT-based payment systems. While the company successfully launched its UK Sterling network in 2023, this new funding will enable it to extend its reach far beyond, creating a truly international settlement layer. Fnality’s robust systems are underpinned by central bank funds, offering a critical foundation for 24/7 real-time settlement capabilities, addressing a key need in modern financial transactions. The support from global banks and institutions highlights the industry’s recognition of DLT’s potential to revolutionize post-trade processes and liquidity management.
This strategic Series C raise not only validates Fnality’s position at the forefront of DLT innovation but also provides the necessary resources to scale its operations globally. By bridging conventional finance with tokenised assets through a regulated and efficient network, Fnality is poised to redefine the landscape of wholesale payments, promising enhanced efficiency and reduced risk for financial institutions worldwide. The backing from such a powerful cohort of investors signals a strong collective move towards a more integrated and technologically advanced financial future.
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