Fnality
Regulated wholesale settlement in central-bank-backed digital cash
About
Fnality operates regulated wholesale payment systems that settle in digital cash backed 1:1 by funds held at the central bank. Its Sterling Fnality Payment System went live in 2023 as the world's first regulated DLT-based wholesale payment system, providing real-time DvP and PvP settlement for tokenized securities, repo and FX. A 2025 $136M Series C led by WisdomTree, Bank of America, Citi and Temasek funds expansion to more currencies and interoperability with stablecoins and tokenized deposits.
Key products
Chains
- Founded
- 2019
- HQ
- London, UK
- Stage
- Private
- Funding
- $136M Series C (2025)
Related companies
Partior
Blockchain network for 24/7 atomic interbank settlement
Partior is a bank-grade blockchain settlement network founded in 2021 by DBS, J.P. Morgan and Temasek out of Singapore's Project Ubin. It enables 24/7 atomic, multi-currency cross-border settlement using tokenized commercial bank money, live in USD, EUR and SGD with more currencies onboarding. Shareholders include Standard Chartered, Deutsche Bank, Peak XV and Emirates NBD.
Airwallex
Global payments and financial infrastructure platform
Airwallex is a global payments and treasury platform offering cross-border payments, multi-currency accounts, and embedded finance APIs. In 2025 it began building a dedicated stablecoin platform team to enable customers to buy, hold, send, and settle tokens worldwide, despite CEO Jack Zhang's public skepticism that stablecoins meaningfully improve G10-currency cross-border flows. It passed toward $1bn annualized revenue in 2025.
Almond FinTech
Intelligence layer for cross-border FX settlement
Almond FinTech is a B2B settlement-orchestration platform that powers near-instant cross-border FX for banks, fintechs and corporate treasuries. Its execution engine evaluates thousands of routes per transaction across 100+ stablecoins, blockchains and exchange pairs to optimize path, timing and composition, compressing settlement from T+2 to T+0 while improving FX rates by tens of basis points.
Anchorage Digital
First federally chartered crypto bank; stablecoin issuer and custodian
Anchorage Digital is the only federally chartered US crypto bank, providing qualified custody plus turnkey, federally regulated infrastructure for minting, redeeming and managing stablecoin issuance. It issues USDtb (with Ethena, reserves in BlackRock's BUIDL), acquired USDM issuer Mountain Protocol, and serves as a regulated issuance partner for stablecoin programs.
Ant International
Global cross-border payments arm of Ant Group (Alipay+ / Whale)
Ant International is the global arm of Ant Group, operating the Alipay+ cross-border wallet network and the Whale blockchain-based treasury platform, which processed over $600bn in global fund flows in 2025 with 95%+ same-day settlement. It is pursuing stablecoin licenses in Singapore and Hong Kong and integrates tokenized deposits from banks including JPMorgan Kinexys, DBS, Standard Chartered, and Deutsche Bank, favoring tokenized deposits over public-chain stablecoins.
Aquanow
Digital asset liquidity and infrastructure for institutions
Aquanow is a digital-asset liquidity and infrastructure provider serving 300+ institutional clients across 50 countries with trading, custody, payments and stablecoin settlement through a single backend integration. Its Pay product enables crypto and stablecoin payments and cross-border settlement, and the company holds a VARA VASP license in Dubai.