Hold onto your trading desks, folks! Fnality just snatched up a cool $136 million in Series C funding, led by the big guns-Wisdomtree, Bank of America, Citi, KBC, Temasek, and Tradeweb. And because that’s not enough bragging rights, they also got a sweet pep rally from their old buddies-Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street, and UBS. Basically, everyone who ever traded a dollar or a digital pebble was there. 💸🎉
That shiny cash is going straight into turbocharging Fnality’s fancy, regulated, distributed-ledger payment systems. Yep, they’re building bridges-literally and figuratively-between wholesale markets and all those shiny new tokens. Plus, since December 2023, they’ve rolled out the Sterling Fnality Payment System, and it’s only getting bigger, better, and faster. Expect more currencies, swifter liquidity management, and a whole lot of settlement interoperability-think of it as the Uber of finance, but make it blockchain. With this, they’re promising real-time DvP (delivery versus payment), on-demand FX PvP (foreign exchange plus more fancy acronyms), and instant repo settlement, because waiting is so last decade.
Michelle Neal, the boss lady herself, said this deal shows everyone thinks a super-secure, bank-approved blockchain layer that settles faster than your Wi-Fi is the future. It’s like having a robot butler for your money-24/7, always on, and totally efficient. No more waiting for your bank to wake up from a nap. Cheers to that! 🥂🤖
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2025-09-24 12:57