Zero Hash Raises $105M in Series D Funding Round

The digital assets startup plans to add to its workforce and expand internationally.

AccessTimeIconJan 12, 2022 at 3:30 p.m. UTC
Updated May 11, 2023 at 4:11 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Zero Hash, which helps companies offer digital assets to their clients, has raised $105 million in a Series D funding round just three months after its previous fundraising round to help fuel a global expansion.

  • The company, which provides the infrastructure that allows its clients to integrate crypto and non-fungible token (NFT) services into their product offerings, plans to add staff, consider acquisitions, enhance support for layer 2 protocols and double the number of supported assets to more than 80 by the end of the year.
  • “Zero Hash has defined a new fintech vertical of ‘digital-assets-as-a-service,’” founder and CEO Edward Woodford said in a press release. “Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next 12 months.”
  • Investors in the company now include Bain Capital, venture capital firm Nyca Partners and Point72 Ventures, the firm led by billionaire investor Steve Cohen. Nyca and Point72 also took part in September’s $35 million Series C funding round.
  • The Zero Hash's offerings range from crypto buying and selling to peer-to-peer transfers to staking. The company handles the back-end technology and the regulatory licensing required to offer the digital assets. Companies that use Zero Hash include financial apps MoneyLion and Wirex, payment processors MoonPay and Ramp, and retail brokers TradeZero and TradeStation.
  • Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
    06:39
    Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
    06:55
    Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about