Goldman Sachs, BNP Paribas Lead $95M Funding Round For Fintech-Focused Fnality
Portfolio Pulse from Khyathi Dalal
Fnality, a blockchain-based wholesale payments firm, raised $95.09 million in its second funding round, led by Goldman Sachs Group Inc. (GS) and BNP Paribas (BNPQY). Other participants included DTCC, Euroclear, Nomura Holdings Inc (NMR), and WisdomTree. The firm, which was founded in 2019 as a UBS-led blockchain project, is awaiting the Bank of England's approval to start operations. The funding will help establish a global liquidity management network for digital payment models in wholesale financial markets and tokenized asset markets, aiming to bridge the gap between mainstream and digital finance.
November 14, 2023 | 4:05 pm
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POSITIVE IMPACT
BNP Paribas participated in the $95M funding round for Fnality, demonstrating its involvement in the development of blockchain-based payment solutions.
BNP Paribas' participation in the funding round reflects its commitment to digital finance, which could be seen as a positive move by investors and have a favorable impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Goldman Sachs led the $95M funding round for Fnality, a blockchain-based payments firm, indicating its strategic investment in digital finance infrastructure.
Goldman Sachs' leading role in the funding round showcases its investment in innovative financial technologies, which could positively influence investor perception and potentially benefit its stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nomura Holdings Inc participated in the funding round for Fnality, aligning with its interest in blockchain technology for financial services.
Nomura Holdings' involvement in Fnality's funding round indicates its strategic interest in blockchain technology, which could be perceived positively by investors and may have a slight positive impact on its stock in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60