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First Mover Americas: Goldman Leads Blockchain Firm Fnality Raise of $95M
The latest price moves in crypto markets in context for Nov. 14, 2023.
Updated Nov 14, 2023, 4:31 p.m. Published Nov 14, 2023, 1:01 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
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Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million in Series B funding led by Goldman Sachs and BNP Paribas. DTCC, Euroclear, Nomura and WisdomTree participated in the round, which also saw further commitment from a number of institutions that backed Fnality’s $63 million fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corp. and UBS.
Traders invested in XRP futures lost some $7.26 million in the past 24 hours as prices moved wildly following false rumors of a BlackRock (BLK) exchange-traded fund (ETF) filing. XRP prices jumped to 73 cents from 65 cents in 25 minutes after a tweet that suggested the financial behemoth had filed for an XRP ETF in the U.S. state of Delaware. Some crypto news firms reported on the filing as fact, which also helped amplify prices. Blackrock (BLK) confirmed it is not attempting to launch an XRP ETF. Blackrock has previously filed with the U.S. Securities and Exchange Commission (SEC) to launch spot bitcoin and ether ETFs. Prior to those SEC filings, were filings for a Delaware entity to act as the corporate vehicle for the product. Paperwork submitted Monday mimicked those forms, but was not in fact filed by the asset management giant.
A U.S. judge ordered the end of an automatic stay on proceedings between bankrupt crypto firms FTX and BlockFi, meaning the two can start negotiating a claims settlement. BlockFi, a lender, filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX earlier that month. That triggered the automatic stay, halting proceedings between the two. BlockFi had an estimated $355 million frozen on the crypto exchange's platform and was owed a further $671 million by FTX's sister company, Alameda Research. The stay has been modified to allow FTX debtors to make "arguments, defenses, counterclaims, setoffs, or otherwise ... with respect to the BlockFi claims in the FTX bankruptcy proceeding," according to a Nov. 13 court order by U.S. bankruptcy judge Michael Kaplan.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone
U.S. spot XRP ETFs approaching $1 billion are the most significant altcoin launch yet, validating a regulatory blueprint for all utility tokens and signaling Wall Street's post-lawsuit conviction.
What to know:
- U.S. spot XRP ETFs are on track to surpass $1 billion in inflows soon, following a 15-day streak of net investments.
- The ETFs have benefited from the resolution of Ripple's court case with the SEC, which clarified XRP's regulatory status.
- Institutional interest in XRP ETFs is driven by their stability and liquidity, distinguishing them from other crypto ETFs.
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