Fnality Secures $136M Funding to Connect Traditional Finance and DeFi Through Instant Payments

Fnality International has secured $136 million in Series C funding, with Temasek as the primary investor,

, , KBC Group, and WisdomTree, and with continued support from previous backers such as , , and Barclays. With this latest round, the company’s total fundraising now exceeds $231 million, combining the new capital with the $95 million Series B round in 2023, which was led by Sachs and BNP Paribas. The new funds are intended to speed up the rollout of Fnality’s blockchain-powered wholesale payment networks, including the creation of solutions for the U.S. dollar and euro, subject to regulatory clearance from the Federal Reserve and the European Central Bank. The investment will also be used to improve liquidity management features and facilitate settlement for tokenized assets like securities and stablecoins.

Fnality’s main offering, the Sterling Fnality Payment System (£FnPS), debuted in 2025 as the world’s first regulated payment platform based on distributed ledger technology (DLT). This system allows for instant, atomic settlement in central bank money and has already attracted early users such as Lloyds Banking Group, Banco Santander, and UBS. The £FnPS is built to cut settlement times from several days to mere seconds, providing round-the-clock access and optimizing liquidity throughout the day. By utilizing DLT, Fnality asserts that it removes credit and settlement risks typical of conventional systems, since transactions are settled directly on central bank reserves without intermediaries.

This Series C investment highlights the increasing interest from institutions in tokenized financial services and blockchain infrastructure for wholesale banking. Investors like WisdomTree and Citi have pointed to the platform’s ability to connect traditional finance (TradFi) with decentralized finance (DeFi), offering programmable money features such as “earmarking,” which lets organizations allocate funds for particular uses. CEO Michelle Neal of Fnality remarked that this funding represents a step toward a “hybrid future of global finance,” where instant cross-border payments, settlement of tokenized securities, and collateral management can all take place seamlessly.

Fnality’s growth strategy is in line with the broader movement to modernize financial infrastructure. Its solutions are designed to enable real-time delivery-versus-payment for digital securities and payment-versus-payment for foreign exchange, reducing the need for intermediaries and boosting capital efficiency for banks. For instance, repo transactions that usually require a day to settle could be completed instantly, freeing up liquidity for other activities. The company’s technology has already been used in scenarios such as real-time cross-border FX swaps and tokenized repo deals, positioning Fnality as a competitor to established systems like SWIFT.

Industry experts have recognized Fnality’s contribution to solving inefficiencies in wholesale payments. WisdomTree CEO Jonathan Steinberg called the platform a “vital foundation” for tokenized finance, while Deepak Mehra of Citi highlighted its fit with the bank’s goal of developing interoperable payment systems for digital assets. Fnality CEO Rhomaios Ram emphasized that the investment demonstrates the industry’s need for a DLT solution backed by central bank money to connect TradFi and DeFi ecosystems.

Source: [1] Fnality Raises $136M to Expand Blockchain Payment Systems [2] Fnality Raises $136M to Expand Blockchain Payment Network [3] Fnality launches DLT wholesale payment system in … [4] UK fintech Fnality raises €89M from Goldman Sachs, BNP Paribas, … [6] Goldman Sachs-backed Fnality raises $136M to replace SWIFT …