Fnality Scores $136M: Blockchain for Banks Is Here, And It’s Fast, Fancy, and Futuristic

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Finance

What to know:

  • Fnality secures $136M in Series C funding from some very big names (and even bigger wallets).
  • The company is working on central bank-focused blockchain payment systems-because why not?
  • The funds will fuel their ambitions to expand into more currencies and settle tokenized assets-basically the future of money.

In a move that can only be described as “blockchain goes mainstream,” Fnality, the fintech firm that’s basically rewriting how central banks play with money, raised a whopping $136 million in Series C funding. This is to expand their blockchain-based wholesale payment systems. It’s like the future, but with more banks and less sci-fi.

The big guns behind the cash? WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb. Oh, and just for fun, they’ve got Goldman Sachs, UBS, and Barclays on board, too-because why wouldn’t the giants of the finance world want to join the blockchain party?

For those keeping score, Fnality raised $95 million just last year, led by the likes of Goldman and BNP Paribas. And while we’re all busy trying to figure out how to pay for coffee with a phone, Fnality’s distributed ledger system is already handling sterling payments on-chain with central bank money. No big deal.

So, what’s this new batch of funding going toward? Basically, everything. Fnality wants to roll out similar systems for other currencies, improve liquidity management tools, and settle tokenized assets like securities and stablecoins. If you’re not confused by those terms, you probably know a lot more about blockchain than I do.

Their system allows real-time settlement of trades, delivery-versus-payment for digital securities, and payment-versus-payment for foreign exchange. In layman’s terms, it’s about making banks faster, leaner, and less reliant on those pesky middlemen. So, instead of waiting around for a repo trade to settle, it could close in an instant. It’s like skipping the line at Starbucks, but for billions of dollars.

Fnality’s CEO Michelle Neal says this funding represents a step toward “a hybrid future of global finance” where traditional banks and decentralized markets “hang out” together. (I guess that’s what the kids are calling it these days.) Backers like WisdomTree and Bank of America are framing it as the future of modern financial infrastructure, because who doesn’t want tokenized assets with their morning coffee?

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2025-09-23 15:02