UK Blockchain Startup Fnality Raises $136 Million From Investors

Fnality International Ltd., a UK-based blockchain-payments company, has raised $136 million in a funding round led by financial institutions seeking to boost exposure to the technology underpinning cryptocurrencies.

Bank of America Corp., Citigroup Inc., KBC Group NV as well as Tradeweb Markets Inc., Temasek Holdings Pte and WisdomTree Inc. were the lead investors, Fnality said on Tuesday. They were joined by existing backers including Goldman Sachs Group Inc, UBS Group AG and Banco Santander SA among others.