blockchain startup company Fnality announced the completion of a $136 million Series C financing round, with participation from WisdomTree, Bank of America, Citigroup, KBC Group, Temasek, and Tradeweb, to expand its global settlement network for banks and tokenized assets. The company operates a wholesale payment system regulated by central banks and launched the British Fnality Payment System (£FnPS) in December 2023. Fnality's system allows banks to settle transactions with digital assets backed 1:1 by Bank of England funds, providing real-time payment support for tokenized bonds, stocks, and repurchase transactions.
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