The crypto industry is weird. There are cypherpunks, "degens," and the rabid online faithful who say tokens named after a cartoon frog are going to the "moon."
However, the boring suits and ties of traditional finance are increasingly grabbing a slice of the crypto pie, and on Monday, Fnality International, a startup that hopes to use blockchain tech to transfer cash between financial institutions, announced that it had raised approximately $95 million in a Series B round led by Goldman Sachs and BNP Paribas. The U.K.-based firm has now raised about $163 million since it launched in 2019.
