London-based Fnality raises $136 million in Series C funding to expand its innovative tokenised settlement network, promising faster, more efficient cross-border digital asset transactions regulated by central banks.
Fnality, a London-based blockchain payments company, has secured $136 million in a Series C funding round to expand its tokenized settlement network, an infrastructure aimed at revolutionising cross-border digital asset payments. The round was led by major institutional investors including WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb, with existing backers such as Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street, and UBS also participating. This infusion of capital will support Fnality’s growth in various major currencies and broaden the reach of its global bank tokenized settlement network.
At its core, Fnality operates wholesale payment systems regulated by central banks, leveraging distributed ledger technology (DLT) to facilitate real-time settlement of tokenized securities, delivery versus payment (DvP), and repo transactions. The firm made a significant stride in December 2023 by launching the Sterling Fnality Payment System (£FnPS), which enables banks to clear digital asset transactions fully backed 1:1 by funds held at the Bank of England. The UK government granted the £FnPS settlement finality designation in December 2024, underscoring its systemic importance in the financial ecosystem. Fnality’s system offers 24/7 payment rails and instant settlement capabilities, addressing long-standing inefficiencies and liquidity constraints inherent in traditional financial market infrastructures.
The company’s ambition extends beyond sterling, aiming to expand into other major currencies such as the US dollar and euro, contingent on regulatory approvals. Fnality’s platform not only supports real-time processing but also enhances liquidity management and enables interoperability between emerging innovations like stablecoins and tokenized deposits. By bridging the gap between conventional finance and decentralized finance, Fnality is promoting the integration of tokenized markets into regulated financial systems. This hybrid model provides the security and reliability associated with central bank money while harnessing the speed and transparency benefits of blockchain technology.
Industry analysts view Fnality’s latest funding milestone as indicative of growing institutional interest in tokenized assets and digital settlement solutions. The platform’s reliance on central bank funds offers enhanced stability and reduced settlement risk, especially crucial in high-volume or cross-border transactions. Leading banks such as JPMorgan and HSBC have been exploring tokenized deposits using similar settlement rails, reflecting a broader trend of major financial institutions embracing decentralized solutions within a regulated framework. Fnality’s progress thus models how decentralized finance concepts can be adopted at scale while complying with regulatory demands, potentially reshaping global capital markets to be more liquid, transparent, and efficient.
With this substantial Series C funding, Fnality plans to bolster product development efforts and accelerate regional expansion. The company envisions its settlement system becoming a primary provider for regulated solutions capable of supporting both traditional and tokenized financial products. As more banks and market operators seek compliant digital payment infrastructures, Fnality is positioning itself at the forefront of the transition towards a more integrated and technologically advanced financial market ecosystem.
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Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is fresh, with the earliest known publication date being September 23, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The narrative has not appeared more than 7 days earlier. The inclusion of updated data without recycling older material justifies a higher freshness score.
Quotes check
Score:
10
Notes:
The direct quotes from Michelle Neal, CEO of Fnality International, and Jonathan Steinberg, CEO of WisdomTree, are unique to this report. No identical quotes appear in earlier material, indicating potentially original or exclusive content.
Source reliability
Score:
8
Notes:
The narrative originates from Live Bitcoin News, a source that is not widely recognised. While the report cites reputable organisations such as Fnality International and WisdomTree, the source’s credibility is uncertain. The report includes a reference map linking to other reputable outlets, which supports the information presented.
Plausability check
Score:
9
Notes:
The claims about Fnality’s $136 million Series C funding round are corroborated by multiple reputable outlets, including PYMNTS and Blockworks. The narrative lacks specific factual anchors, such as exact dates for the launch of the Sterling Fnality Payment System (£FnPS) and the settlement finality designation, which reduces the score. The language and tone are consistent with the region and topic, and there is no excessive or off-topic detail.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative presents fresh and potentially original content, with corroboration from multiple reputable outlets. However, the source’s reliability is uncertain, and the lack of specific factual anchors reduces the overall confidence in the assessment.
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