According to TFN, London-based blockchain payments company Fnality has completed a $136 million Series C funding round led by WisdomTree, with participation from Bank of America, Citigroup, 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 leveraging distributed ledger technology to build a regulated payment system based on central bank digital currencies to address the slow, expensive, and long settlement times of traditional wholesale payment systems for cross-border transactions. The company plans to use this round of funding to expand its GBP system to the USD and EUR markets, targeting the over $120 billion cross-border payments market.