Fnality, a blockchain-based wholesale payments firm backed by Nomura Group, has raised £77.7 million ($95.09 million) in a second round of funding. Global investment bank Goldman Sachs and French universal bank BNP Paribas led the funding round, along with participation from settlement houses Euroclear, Depository Trust, and Clearing Corporation. Other investors included WisdomTree, Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation, and UBS. The funds will be used to create a global liquidity management network for new digital payment models and tokenized asset markets, as well as to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.
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