Fnality receives £50 million Series A funding to develop the Utility Settlement Coin

Fnality receives £50 million Series A funding to develop the Utility Settlement Coin – The Block

Fnality has announced it has raised £50 million in Series A funding to continue developing its Utility Settlement Coin, a tool for settling financial transactions. The company, founded by a group of banks including Banco Santander and Barclays, aims to design a digital cash system to enable inexpensive and safe cross-border payments.