Goldman Sachs and BNP Paribas lead $95m investment in Fnality
Fnality, a fintech firm specializing in tokenizing major currencies backed by central bank cash, has raised $95 million in a Series B round led by Goldman Sachs and BNP Paribas. According to a report on Nov. 14, Fnality, the London-based blockchain payments firm, raised another $95 million in its second round of funding. Besides Goldman Sachs and BNP Paribas, the fundraising attracted participation from settlement houses such as Euroclear and the Depository Trust and Clearing Corporation. WisdomTree, a global exchange-traded fund firm, and existing investor Nomura also contributed to the investment . The latest investment round also witnessed continued support from initial backers, including Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation, and UBS. UBS and other global banks invested $63.2 million in Fnality in June 2019, aiming to launch a blockchain-based trade settlement pla...