TechFlow news, September 23 — According to Techfundingnews, Fnality, a London-based blockchain payments company, has completed a $136 million Series C funding round led by WisdomTree, Bank of America, Citibank, KBC Group, Temasek, and Tradeweb. Existing investors include Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq, State Street, and UBS.
Fnality is dedicated to building regulated payment systems based on central bank digital currencies using distributed ledger technology, aiming to address the issues of slow, costly traditional wholesale payment systems and lengthy settlement times for cross-border transactions. The company plans to use this funding to expand its existing pound sterling system into the U.S. dollar and euro markets, targeting the cross-border payments market valued at over $120 billion.
