Recently, Fnality, a wholesale digital cash payment system that will support tokenized, peer-to-peer markets, announced that DTCC 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 DTCC signing a definitive agreement in October to acquire Securrency Inc., a leading developer of institutional-grade, digital asset infrastructure. The acquisition will position DTCC 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, DTCC 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, DTCC 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 here. To learn more about DTCC’s agreement to acquire Securrency, please click here.