{"id":86994,"date":"2023-11-14T12:02:51","date_gmt":"2023-11-14T10:02:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86994"},"modified":"2025-09-13T09:04:04","modified_gmt":"2025-09-13T06:04:04","slug":"fnality-raises-95-million-from-goldman-sachs-and-bnp-paribas","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fnality-raises-95-million-from-goldman-sachs-and-bnp-paribas\/","title":{"rendered":"Fnality raises $95 million from Goldman Sachs and BNP Paribas"},"content":{"rendered":"<p>The London-based blockchain company Fnality raised $95 million in a funding round led by Goldman Sachs and BNP Paribas. This was reported by <a href=\\\"https:\/\/uk.finance.yahoo.com\/news\/fnality-international-raises-massive-77-000921938.html\\\">Yahoo Finance<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Among other investors are: DTCC, Euroclear, Nomura and WisdomTree. A number of banks that supported the firm in the previous round (in 2019 Fnality raised $63 million) also participated. The financial institutions include: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation and UBS.<\/p>\n<p>The company creates tokenised versions of fiat currencies, backed by cash held in custody at central banks.<\/p>\n<p>Fnality International was founded in 2019, when the Swiss financial holding UBS, together with several major companies, announced the launch of a \u00abBitcoin-like token\u00bb USC (utility settlement coin). However, due to regulatory barriers in 2020 the company <a href=\"https:\/\/u1f987.com\/en\/news\/regulators-hinder-ubs-backed-blockchain-project-launch\">postponed<\/a> its implementation.<\/p>\n<p>In February 2022 Fnality <a href=\\\"https:\/\/www.finextra.com\/newsarticle\/39657\/fnality-completes-testnet-transaction-with-santander-and-natwest\\\">launched<\/a> a pilot project for issuing tokenised shares on Ethereum.<\/p>\n<p>Earlier, the infrastructure startup Taurus <a href=\"https:\/\/u1f987.com\/en\/news\/infrastructure-startup-taurus-raises-65-million-in-series-b\">raised $65 million<\/a> following a Series B financing round led by Credit Suisse.<\/p>\n<p>Fnality and other crypto-industry-related projects sit in the investment portfolio of Switzerland&#8217;s second-largest bank by assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The London-based blockchain company Fnality raised $95 million in a funding round led by Goldman Sachs and BNP Paribas.<\/p>\n","protected":false},"author":1,"featured_media":86995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1133],"class_list":["post-86994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86994"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86994\/revisions"}],"predecessor-version":[{"id":86996,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86994\/revisions\/86996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86995"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}