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Fnality - Series B
Overview
About Fnality - Series B
Fnality, a fintech firm buildING tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million (£77.7m) in Series B fundING led by Goldman Sachs and BNP Paribas.
DTCC, Euroclear, Nomura and WisdomTree participated in The round, which also saw further commitment from a number of banks that backed Fnality's $63m fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds BankING Group, Nasdaq Ventures, State Street, Sumitomo Mitsui BankING Corporation, and UBS.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1869 | 22 | gs-investor-relations@gs.com | ||
| Corporate | France | 1848 | 4 | -- | ||
| Corporate | United States of America | 1973 | 1 | -- | ||
| Corporate | Belgium | 1968 | 3 | -- | ||
| Corporate | Japan | 1925 | 4 | -- | ||
| Fund | -- | -- | 2 | -- | ||
| Corporate | Spain | 1857 | 1 | -- | ||
| Fund | United States of America | 1784 | 7 | -- | ||
| Corporate | United Kingdom | 1896 | 3 | -- | ||
| Corporate | Canada | -- | 1 | -- |
Founders & Team
Rhomaios Ram
Jan Schoombee
Adam Clarke
Company Profile / Project Introduction
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.