Blockchain payment company Fnality has completed a $136 million Series C funding round, led by WisdomTree

ChainCatcher news, London-based blockchain payment company Fnality has completed a $136 million Series C funding round, led by WisdomTree, with participation from Bank of America, Citibank, KBC Group, Temasek, and Tradeweb.

Existing investors include Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq, State Street, and UBS. Fnality is committed to building a regulated payment system based on central bank digital currencies using distributed ledger technology, aiming to address the issues of slow, expensive traditional wholesale payment systems and long settlement times for cross-border transactions. The company plans to use this funding round to expand its pound system into the dollar and euro markets, targeting the cross-border payment market valued at over $120 billion.