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Fnality announces Series B capital raise with 存 among the participating investors

By 存 Connection | 1 minute read | November 14, 2023

最近, Fnality, a wholesale digital cash payment system that will support tokenized, peer-to-peer markets, announced that 存 and a number of additional organizations made a financial investment in the firm as part of a Series B funding round.

The investment in Fnality builds upon 存 signing a definitive agreement in October to acquire Securrency Inc., a leading developer of institutional-grade, digital asset infrastructure. The acquisition will position 存 to help bridge best-in-class industry practices with advanced digital technology to encourage acceptance and adoption of digital assets.

“As the worlds of TradFi and DeFi converge, 存 is committed to partnering with industry participants, regulators and other stakeholders to help introduce the standards and governance needed to accelerate ecosystem growth while ensuring the highest levels of market safety and stability,” said Frank La Salla, 存 President, CEO and Director. “Our investment in Fnality builds upon our agreement to acquire Securrency and will help foster new digital payment rails that will be essential for establishing a robust digital infrastructure, enabling interoperability and driving adoption of digital assets.”

To learn more about Fnality’s announcement, please click 在这里. To learn more about 存’s agreement to acquire Securrency, please click 在这里.

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