Fnality International started its life as a pure research project to better understand how DLT could change financial markets. In time, the project grew to include a consortium of financial institutions who wished to explore how Blockchain and Distributed Ledger Technology (DLT) could use tokenised cash assets to settle securities trades. In so doing it sought to alleviate many of the FMI challenges. The initiative became known as the Utility Settlement Coin (USC) Project, with a core objective; the creation of a peer-to-peer digital cash asset to settle tokenised transactions with finality. Having established that these aims were both theoretically and technically possible, the consortium members took a step toward building the system, to enable ‘on-chain’ payment, by investing in the creation of Fnality International (Fnality).

Fnality International

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Fnality International, a blockchain-based wholesale payment system headquartered in London, has raised £77.7 million ($95 million) in its Series B financing round, according to Bloomberg. The funding phase was reportedly spearheaded by blue-chip financial firms Goldman Sachs and BNP Paribas. According to a statement by Fnality CEO Rhomaios Ram, the funding includes other prominent financial […]
The post Bloomberg: Fnality Gains $95M Funding From Goldman Sachs and BNP appeared first on Coin Edi

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Bloomberg: Fnality Gains $95M Funding From Goldman Sachs and BNP

Fnality International, a company specializing in tokenized cash solutions on blockchain, has secured a substantial investment of $95.2 million, according to Bloomberg. The funding round was spearheaded by prominent financial institutions Goldman Sachs and BNP Paribas. Fnality’s Growth Journey Since 2019 Established in 2019, Fnality International emerged from a blockchain project initiated by UBS. The […]
The post Fnality Receives $95 Million Investment Led by Goldman Sachs, BNP Paribas appeare

Fnality International

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Bloomberg: Fnality Gains $95M Funding From Goldman Sachs and BNP

Fnality Receives $95 Million Investment Led by Goldman Sachs, BNP Paribas