Blockchain payment firm Fnality raises $136M in round led by major banks

Fnality raised $136 million in a round led by Bank of America, Citi and WisdomTree to expand its blockchain settlement network.

London-based blockchain payments company Fnality secured $136 million in a Series C funding round backed by some of the world’s largest financial institutions.

Bank of America, Citi, KBC Group, Temasek, Tradeweb and WisdomTree led the round, joined by returning investors including Goldman Sachs, Santander, Barclays and UBS, according to a Tuesday announcement by the company.

“The closing of our Series C reflects a shared conviction that the future of money demands a new foundation,” Fnality CEO Michelle Neal said. She added that the company’s blockchain-based settlement systems offer “24/7 payment rails, real-time settlement, and enhanced liquidity.”

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