🤑 Banks Bet Big on Blockchain: Fnality’s $136M Gamble! 🎲

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Ah, the sweet scent of financial revolution! London’s darling, Fnality, has sashayed into the spotlight, securing a delectable $136 million in its Series C funding round. 🌟 Backed by the titans of TradFi-Bank of America, Citi, KBC Group, Temasek, Tradeweb, and WisdomTree-this blockchain belle is the talk of the town. Returning suitors like Goldman Sachs, Santander, Barclays, and UBS couldn’t resist joining the masquerade, according to Tuesday’s grand announcement. 🎭

“The future of money, my dears, demands a new foundation,” cooed Fnality’s CEO, Michelle Neal, with a wink. 🌈 Her blockchain-based settlement systems promise “24/7 payment rails, real-time settlement, and enhanced liquidity”-because who doesn’t love a bit of financial flamboyance? 💸

Having launched its sterling-denominated Fnality Payment System in the United Kingdom last year, Fnality now sets its sights on the US dollar and euro markets. 🌍 Pending regulatory approvals, of course-those pesky gatekeepers of innovation! 🧐

Fnality: The DLT Cupid Bridging TradFi and Tokenized Markets 💘

Ah, distributed ledger technology-the matchmaker of the financial world! Fnality uses it to simplify institutional settlements, enabling real-time repo, tokenized securities settlement, and cross-currency payments. 🌉 The goal? To wed traditional finance with tokenized markets while improving liquidity and reducing settlement risks. How quaint! 💍

WisdomTree’s CEO, Jonathan Steinberg, gushed that Fnality’s platform is a “critical foundation” for tokenized finance. “Our investment,” he added, “reflects our ambition to plug directly into the rapidly growing tokenized markets.” 🛠️ Citi’s Deepak Mehra chimed in, noting that Fnality aligns with their strategy to build more efficient, interoperable payment systems for digital assets. How utterly progressive! 🚀

In 2023, Fnality raised $95 million in a funding round led by Goldman Sachs and BNP Paribas, with Euroclear, DTCC, WisdomTree, and Nomura joining the fray. Because, darling, who doesn’t love a good sequel? 🎬

Google’s AI Payment Protocol: Stablecoins and Stardust ✨

As Fnality basks in its glory, Google has thrown its hat into the ring with an open-source protocol enabling AI applications to send and receive payments, including stablecoin transactions. 🌐 Collaborating with Coinbase, Salesforce, American Express, and 60 other partners, this system works with both traditional payment rails and emerging crypto options. Because why choose when you can have it all? 🍰

Meanwhile, SBI Shinsei Bank, Partior, and DeCurret DCP are exploring multicurrency tokenized deposits for cross-border settlements. 🌏 An MOU has been signed to develop a blockchain-based framework for real-time clearing across currencies. How delightfully global! 🌍

In this grand ballet of finance and technology, one thing is clear: the future is tokenized, and the banks are dancing to its tune. 🎶 But remember, darlings, in the world of blockchain, the only thing more volatile than the market is the drama. 🕺💃

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2025-09-23 15:41