Existing investors like Goldman Sachs, UBS, and Barclays also joined the Series C.
Fnality uses distributed ledger technology to link wholesale markets with tokenized assets.
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.
Wholesale Payment Systems
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.
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.
“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.
Wholesale Payment Systems
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.
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.
“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.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
