Member Article

Nomura invests in Fnality International

Nomura has invested in Fnality, and joined the international consortium of global banks focused on building a regulated, peer-to-peer wholesale digital asset settlement ecosystem that offers real-time, 24/7 payments and settlement of foreign exchange and securities transactions in the world’s major currencies.

As a premier, leading global bank, Nomura’s investment recognises Fnality’s work to build a fully regulated network where central bank money-backed blockchain-based payments are settled in tokenized marketplaces. With this commitment from Nomura, Fnality is positioned to expand its presence in capital markets across Europe, the US and Japan.

This investment puts Fnality one step closer to launch, after having announced multiple successful, high profile proofs-of-concept showcasing the benefits of the Fnality ecosystem, which incorporates distributed ledger technology (DLT) into its operational infrastructure to deliver new innovative functionalities and maximise operational efficiency and resilience.

Rhomaios Ram, CEO Fnality International commented: “We’re incredibly pleased to welcome Nomura, a global financial institution, as our new shareholder supporting our vision for a regulation-first, real-time, wholesale payments system. We at Fnality are excited to draw on Nomura’s extensive experience in capital markets across Japan, the US and Europe as we expand beyond the UK.”

Angel Issa, Nomura’s Global Head of Corporate Development and Strategic Investments, commented: “We are delighted to have joined Fnality as a strategic investor. The transformation of financial services powered by blockchain technology is clearly accelerating, and we believe Fnality is uniquely positioned to capitalize on the significant opportunities brought by this evolution. We look forward to leveraging Fnality’s technology and expertise to continue delivering differentiated value to our clients and partners globally”

This was posted in Bdaily's Members' News section by Lucie Hayes .