Fnality, a fintech company focused on tokenizing major currencies collateralized by cash held by central banks, has closed a $95 million Series B round led by Goldman Sachs and BNP Paribas. DTCC, Euroclear, Nomura and WisdomTree participated in the round, in addition to further commitments from banks that supported Fnality’s $63 million financing in 2019, including: Banco Santander, Bank of New York Mellon, Barclays, Canadian Imperial Bank of Commerce , Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation and UBS. Fnality, formerly known as the Utility Settlement Coin project, is one of the pioneers in bringing cash on-chain to enable delivery-to-pone (DvP) using a shared ledger in wholesale banking. Rhomaios Ram, CEO of Fnality International, said in a statement: “Our Series B financing represents the financial industry’s need for blockchain-based, central bank currency-backed settlement solutions that bridge traditional The divide between finance (TradFi) and decentralized finance (DeFi) in wholesale markets.” (Coindesk)