Zero Hash, which helps companies offer digital assets to their clients, opened operations in Brazil as the first step of its expansion into Latin America.
The company can now provide partners in Brazil custody, execution, settlement and liquidity solutions, said Zero Hash CEO Edward Woodford in a statement.
Following a $35 million funding round in January, Zero Hash established its Latin American headquarters in São Paulo, Brazil's most populous city. The company said it now has over 50 employees that support its regional operations.
“There is immense potential in the LatAm region and Zero Hash brings the deep domain expertise of powering crypto products for some of the major payment platforms worldwide,” said Fernando Velicka, head of growth at Zero Hash for Latin America.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.