Fnality

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Cryptocurrencies?
Product stageSegments
Early
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Cryptocurrency Payments Infrastructure
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Fnality International is a fintech startup founded in 2019 that provides digital payment infrastructure leveraging blockchain technology. The company aims to build tokenized versions of currencies backed by funds held in central banks, enabling real-time cross-currency payments. Fnality's blockchain-based system simplifies cross-currency payments, offering 24/7 payment rails with the ability to reduce settlement cycles to real-time while improving intraday liquidity management.

In December 2023, Fnality commenced its Sterling Fnality Payment System (£FnPS) operations with participation from Lloyds Banking Group, Banco Santander, and UBS. The £FnPS brings together the safety and institutional quality of central bank funds with the functionality and resilience of blockchain technology for wholesale payments. Fnality has previously conducted proof-of-concept demonstrations showcasing its capabilities, including real-time settlement of tokenized securities, real-time cross-border FX swaps, and real-time repo transactions.

In November 2023, Fnality secured GBP 132.7 million in total funding after raising GBP 77.7 million in a Series B round led by Goldman Sachs and BNP Paribas, along with investments from DTCC, Euroclear, Nomura, WisdomTree, and existing backers. The funding will support Fnality's global liquidity management ecosystem for new digital payment models in wholesale financial markets and emerging tokenized asset markets.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
London GBR
Founded year:
2019
Employees:
51-100
IPO status:
Private
Total funding:
USD 160.4 mn
Last Funding:
USD 97.1 mn (Series B; Nov 2023)
Last valuation:
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