Zero Hash Raises $105M in Series D Funding Round
The digital assets startup plans to add to its workforce and expand internationally.
Jan 12, 2022 at 3:30 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UMS4G5ZOARG7BC637KUGJQEE6A.jpg)
Zero Hash Founder on Expanding to DeFi and NFTs After Raising $35M
Brandy covers crypto-related venture capital deals for CoinDesk.
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.
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Brandy covers crypto-related venture capital deals for CoinDesk.
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Brandy covers crypto-related venture capital deals for CoinDesk.
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