Tag Archives: fnality

With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash. Fnality, a fintech firm focused on building tokenized versions of major currencies collateralized by cash held at central banks, has successfully secured $95 million in its Series B funding round, with major financial institutions like Goldman Sachs Group Inc (NYSE: GS) and BNP Paribas SA (EPA: BNP) leading the investment....

In what seems like an about-face, global banking custodian State Street has drastically cut down its Decentralized Ledger Technologies team, as sources indicate. Rather than focus on building a complete DLT ecosystem from scratch which hitherto before now had been the strategy that State Street pursued, the custodian has decided to focus on digital assets which include tokenized stocks and bonds as well cryptocurrencies. Such an approach is to be applied instead of a bottom-up strategy which...