Blockchain payment company Fnality completes $136 million Series C funding round, led by WisdomTree

According to ChainCatcher, London-based blockchain payment company Fnality has completed a $136 million Series C funding round, led by WisdomTree, with participation from Bank of America, Citibank, KBC Group, Temasek, and Tradeweb.

Existing investors include Santander Bank, Barclays Bank, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING Group, Nasdaq, State Street Bank, and UBS. Fnality is dedicated to leveraging distributed ledger technology to build a regulated payment system based on central bank digital currencies, aiming to address the issues of slow, expensive, and lengthy cross-border settlement times in traditional wholesale payment systems. The company plans to use this round of funding to expand its GBP system to the USD and EUR markets, targeting the cross-border payment market valued at over $120 billion.