Fnality has raised $136 million in a Series C funding round.
The round was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and
Tradeweb.
Tradeweb, a global operator of electronic marketplaces,
played a notable role in the round alongside the other lead investors. Existing
investors, including Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear,
Goldman Sachs, ING, Nasdaq Ventures, State Street, and UBS, also participated.
Billy Hult, CEO, Tradeweb, Source: LinkedIn
“Tradeweb’s ambition is to build a 24/7 global capital
market ecosystem, and having wholesale payment rails integrated into existing
workflows is an important step in that evolution,” Billy Hult, CEO at Tradeweb,
commented.
Join
buy side heads of FX in London at fmls25
The company operates wholesale payment systems regulated by
central banks. It is building a settlement network based on distributed ledger
technology (DLT) to connect wholesale markets with tokenized institutional
assets.
You may find it interesting at FinanceMagnates.com: Tradeweb
Q1 Average Daily Volume Rises 33% to $2.5 Trillion, Lifting Revenue Nearly 25%.
“By enabling central bank-backed cash to move on-ledger any
time, Fnality is unlocking the full potential of trading digital bonds and
other tokenized securities – helping innovation in payments keep pace with
innovation in the assets themselves,” Hult added.
Stablecoin and Tokenized Deposit Settlement Planned
Fnality launched the Sterling Fnality Payment System in the
UK in December 2023. It plans to expand into other major currencies, provide
liquidity management tools, and support settlement interoperability for
instruments such as stablecoins and tokenized deposits.
DLT Systems Extend to FX and Repo
The company is also working on real-time settlement of
tokenized securities through delivery-versus-payment, FX payment-versus-payment
settlement, and repo transactions. These initiatives highlight the ongoing
integration of regulated DLT-based systems into financial market
infrastructures.
SEC Approves Tradeweb SEF for CDS
Meanwhile, the US Securities and Exchange Commission has approved
Tradeweb Markets Inc.’s TW SEF LLC to register as a security-based swap
execution facility under Regulation SE.
The designation allows TW SEF to facilitate institutional
trading of single-name credit default swaps under updated SEC requirements. TW
SEF currently accounts for 52% of SEF volume, with $150 trillion traded in
2024.
Tradeweb has offered electronic derivatives trading since
2005 and launched TW SEF in 2013 in response to U.S. regulatory changes.
Fnality has raised $136 million in a Series C funding round.
The round was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and
Tradeweb.
Tradeweb, a global operator of electronic marketplaces,
played a notable role in the round alongside the other lead investors. Existing
investors, including Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear,
Goldman Sachs, ING, Nasdaq Ventures, State Street, and UBS, also participated.
Billy Hult, CEO, Tradeweb, Source: LinkedIn
“Tradeweb’s ambition is to build a 24/7 global capital
market ecosystem, and having wholesale payment rails integrated into existing
workflows is an important step in that evolution,” Billy Hult, CEO at Tradeweb,
commented.
Join
buy side heads of FX in London at fmls25
The company operates wholesale payment systems regulated by
central banks. It is building a settlement network based on distributed ledger
technology (DLT) to connect wholesale markets with tokenized institutional
assets.
You may find it interesting at FinanceMagnates.com: Tradeweb
Q1 Average Daily Volume Rises 33% to $2.5 Trillion, Lifting Revenue Nearly 25%.
“By enabling central bank-backed cash to move on-ledger any
time, Fnality is unlocking the full potential of trading digital bonds and
other tokenized securities – helping innovation in payments keep pace with
innovation in the assets themselves,” Hult added.
Stablecoin and Tokenized Deposit Settlement Planned
Fnality launched the Sterling Fnality Payment System in the
UK in December 2023. It plans to expand into other major currencies, provide
liquidity management tools, and support settlement interoperability for
instruments such as stablecoins and tokenized deposits.
DLT Systems Extend to FX and Repo
The company is also working on real-time settlement of
tokenized securities through delivery-versus-payment, FX payment-versus-payment
settlement, and repo transactions. These initiatives highlight the ongoing
integration of regulated DLT-based systems into financial market
infrastructures.
SEC Approves Tradeweb SEF for CDS
Meanwhile, the US Securities and Exchange Commission has approved
Tradeweb Markets Inc.’s TW SEF LLC to register as a security-based swap
execution facility under Regulation SE.
The designation allows TW SEF to facilitate institutional
trading of single-name credit default swaps under updated SEC requirements. TW
SEF currently accounts for 52% of SEF volume, with $150 trillion traded in
2024.
Tradeweb has offered electronic derivatives trading since
2005 and launched TW SEF in 2013 in response to U.S. regulatory changes.
