Fnality Raises $50 Million for Blockchain-Based Financial Settlement System
Big Names Backing Fnality
Banco Santander, BNY Mellon, Barclays, CIBC…the list goes on and on. These guys are really putting their money where their mouths are when it comes to supporting Fnality’s blockchain-based financial settlement system.
A Not-So-Humble Brag
You know you’re doing something right when you can get all these heavy hitters to open up their wallets for you not once but twice. It’s like getting a gold star from your teacher or being picked first for kickball – except instead of playground glory, it’s millions of dollars in cold hard cash.
The Future Looks Bright (and Blockchain-y)
With this new injection of funds, Fnality is poised to take its blockchain-based financial settlement system to new heights. They’ve got the backing of some major players in the finance world and now they’ve got the cash flow to match.
If there was ever any doubt about whether blockchain technology was here to stay in the world of finance, I think we can put those doubts firmly to bed now. When companies like DTCC and Euroclear start throwing around tens of millions of dollars for a piece of the action, you know something big is happening.
Fear Not: The Banks Are Still Here
Now I know what you’re thinking – “But wait! Isn’t blockchain supposed to be all about cutting out middlemen like banks?” Well fear not my friend because as long as there are transactions happening between people or institutions with money involved (which let’s face it will probably be forever), there will always be a need for good ol’ banks.
And hey – if those same banks want a piece of the blockchain pie too? Who are we mere mortals without billions upon billions at our disposal going tell them no?
Celebrate Good Times Come On!
All jokes aside though – this is actually pretty exciting stuff! We’re witnessing history being made right before our eyes folks; traditional finance giants embracing cutting-edge technology like never before.
It’s kind of like watching your grandpa try out Snapchat filters – equal parts hilarious and heartwarming.
So here’s hoping that with this influxof cash,Fnalitycan continue making wavesinthe industryand maybe even convincea few moreold-schoolbankers totakea walkonthe wild sideofblockchaintechnology.
Who knows,maybeone daywe’llallbe tradingcryptocurrenciesoverourmorningcoffee–stranger things have happened,right?
