Fnality Raises $135–136M Series C

Fnality International raised roughly $135–136 million in a Series C round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from institutions including Goldman Sachs, Barclays, Santander and UBS. The capital will be used to scale Fnality’s blockchain-based payments infrastructure, pursue product development and regulatory approvals, and expand its sterling system into US dollar and euro markets while enhancing liquidity-management and settlement interoperability for stablecoins, tokenized deposits and securities. Launched in the U.K. in 2023, the Sterling Fnality Payment System uses distributed ledger technology and central-bank–backed cash to enable 24/7 real-time settlement, delivery-versus-payment and payment-versus-payment capabilities that reduce intermediaries and settlement risk. CEO Michelle Neal described the raise as a step toward a “hybrid future” connecting traditional finance with tokenized and decentralized markets. The round underscores growing institutional demand to modernize wholesale payment rails and build infrastructure to support broader adoption of tokenized assets.