London-based blockchain payments firm Fnality International has successfully closed a $136 million funding round, attracting significant backing from major financial institutions. The strategic investment was co-led by Bank of America, Citigroup, and asset management firm WisdomTree, signaling strong institutional confidence in blockchain-based settlement solutions.
The substantial capital infusion will accelerate the development and global expansion of Fnality’s distributed ledger technology platform, which aims to transform wholesale financial markets through real-time, secure settlement mechanisms. This funding represents one of the most significant investments in blockchain infrastructure from traditional financial players this year, highlighting growing institutional adoption of distributed ledger technology for critical financial operations.
Fnality’s technology enables peer-to-peer settlement across various asset classes using digital representations of central bank money. The platform’s architecture is designed to reduce counterparty risk and settlement times while improving capital efficiency for participating financial institutions. The company has been developing its regulated payment system in collaboration with central banks and financial market participants across multiple jurisdictions.
The investment consortium includes several other undisclosed global financial institutions, reflecting broad industry support for modernizing financial market infrastructure. This funding round positions Fnality to expand its operational footprint and accelerate the deployment of its settlement network across key financial markets worldwide. The company’s progress represents a significant milestone in the convergence of traditional finance and blockchain technology, potentially paving the way for more efficient global settlement systems.
