Goldman, BNP Paribas lead $95M round for London-based fintech Fnality
Invezz
Published Nov 14, 2023 16:46
Updated Nov 14, 2023 17:13
Goldman, BNP Paribas lead $95M round for London-based fintech Fnality
One top crypto news story today is about Fnality International, a London-based tokenized cash provider. The blockchain firm has announced it raised £77.7 million ($95 million) in its Series B funding round, led by Goldman Sachs (NYSE:GS) and BNP Paribas (EPA:BNPP).
Other investors in the round included Depository Trust & Clearing Corporation (DTCC), Wisdom Tree, Nomura Holdings and Euroclear. Returning Series A investors included Banco Santander (BME:SAN), BNY Mellon, Barclays (LON:BARC), Commerzbank (ETR:CBKG), Lloyds Banking Group (LON:LLOY), UBS, Nasdaq Ventures, CIBC, State Street (NYSE:STT), and Sumitomo Mitsui Banking Corporation.
The company’s Sterling Fnality Payment System (£FnPS) utilises distributed ledger technology (DLT) to provide a payment rail with real-time settlements accessible 24/7. Fnality expects to launch the payments system by the end of this year, with this development subject to approval from the Bank of England.
Fnality International has partnered with the Ethereum Enterprise Alliance (EEA) and is a member of the International Securities Services Association (ISSA).
The post Goldman, BNP Paribas lead $95M round for London-based fintech Fnality appeared first on Invezz
This article first appeared on Invezz.com
Get The App
Written By: Invezz
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.