Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Fnality - Series A
Overview
About Fnality - Series A
Led by former Deutsche Bank executive Rhomaios Ram, the consortium boasts an ample budget, having just raised $63.2 million from 14 shareholder banks. Looking ahead, Fnality’s complex roadmap will see things begin to come to fruition in 2020, the company said. (Aside from UBS and Barclays, its shareholders include Banco Santander, BNY Mellon, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds BankING Group, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, and State Street.)
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Spain | 1857 | 1 | -- | ||
| Fund | United States of America | 1784 | 7 | -- | ||
| Corporate | United Kingdom | 1896 | 3 | -- | ||
| Corporate | Canada | -- | 1 | -- | ||
| Corporate | Germany | 1870 | 1 | -- | ||
| Fund | Netherlands | 1991 | 2 | -- | ||
| Corporate | United Kingdom | 2009 | 2 | -- | ||
| Fund | United States of America | 2017 | 4 | -- | ||
| Corporate | United States of America | -- | 2 | -- | ||
| Corporate | Japan | 1996 | 2 | -- |
Founders & Team
Rhomaios Ram
Jan Schoombee
Adam Clarke
Company Profile / Project Introduction
Fnality International started its life as a pure research project to better understand how DLT could change financial markets. In time, the project grew to include a consortium of financial institutions who wished to explore how Blockchain and Distributed Ledger Technology (DLT) could use tokenised cash assets to settle securities trades. In so doing it sought to alleviate many of the FMI challenges. The initiative became known as the Utility Settlement Coin (USC) Project, with a core objective; the creation of a peer-to-peer digital cash asset to settle tokenised transactions with finality.