Zero Hash Raises $105M to Expand Digital Assets as a Service
Zero Hash, which helps companies offer digital assets to their clients, has raised $105 million in a Series D funding just three months after its previous capital raise to help fuel a global expansion.
The company, which provides the infrastructure that allows its clients to integrate crypto and NFT services, plans to add staff, consider strategic acquisitions, enhance support for layer 2 protocols and double the number of supported assets to over 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 in the 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 twelve-months.”
Investors in the company now include Bain Capital, venture capital firm NYCA, and Point72 Ventures, the firm led by billionaire investor Steve Cohen. NYCA and Point72 also took part in September’s $35 million Series C round.
The Zero Hash product suite ranges 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 neo-banks MoneyLion and Wirex, payment processors MoonPay and Ramp, and retail brokers TradeZero and TradeStation.Source