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10m ago

Fnality Raises $136 Million to Extend Central-Bank-Money Payment Rails to Dollar and Euro

Regulatory approval will determine the timing of the next currency launches.

Fnality raises $136m to expand blockchain payment systems for banks
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Overview

  • The Series C was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with repeat backers including Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq, State Street and UBS.
  • Fnality will use the funding to scale its live sterling Fnality Payment System and to build out dollar and euro systems, add liquidity-management tools and support settlement of tokenized assets.
  • Its infrastructure enables real-time, atomic settlement, including delivery-versus-payment for digital securities and payment-versus-payment for foreign exchange.
  • The sterling platform has been operating since late 2023 using funds held at the Bank of England and has been recognized by HM Treasury as a systemically important payment system.
  • CEO Michelle Neal, who took the helm in March 2025, positions Fnality’s rails as central-bank-money anchored alternatives to commercial-bank-based networks that carry credit and settlement risk.