Jan 14, 2022

Zero Hash: Helping companies offer customers digital assets

Fintech
Technology
Cryptocurrency
NFT
2 min
After raising $105 million, we take a look at Zero Hash, with offerings ranging from crypto buying and selling to peer-to-peer transfers to staking

Founded in 2017, Zero Hash powers neo-banks, broker-dealers, and payment groups to offer digital asset trading and custody, crypto-backed rewards, and round-ups programmes, as well as the ability to earn crypto through staking and DeFi. 

It is a B2B embedded infrastructure platform that allows any platform to integrate digital assets natively into their own customer experience quickly and easily (a matter of API endpoints). Clients include MoneyLion, Transak, Deserve, Wirex, MoonPay, tastyworks. Zero Hash is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

 

Unlocking digital assets for everyone

On a mission to enable businesses to easily create crypto products, unlocking digital assets for everyone, everywhere, Zero Hash has announced its $105 million Series D funding round.

“Zero Hash has defined a new Fintech vertical of ‘digital-assets-as-a-service’. 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,” said Edward Woodford, Founder and CEO.

The series D fundraise follows the announcement of its Series C in September 2021. The company will use the proceeds of the round to continue to expand its global team across compliance, marketing, product, and engineering. The company also intends on enhancing its support for Layer 2 protocols as well as doubling the number of assets it supports to over eighty by the end of the year. The capital injection will also enable the company to expand its international licensing framework to provide the one-stop infrastructure for the largest global firms.

 

Embedding crypto and NFT’s into customer experiences 

Zero Hash enables any business to natively embed crypto and NFTs into their own customer experience quickly and easily. Zero Hash now powers some of the largest neo-banks (including MoneyLion and Wirex), fastest-growing payment processors (including MoonPay, Ramp, and Transak), and prominent retail brokers (including tastyworks, TradeZero, and TradeStation).

Crypto lending/borrowing was the largest single segment of DeFi in 2021, according to a website that lists the primary activity of several online platforms. Decentralised finance lending and borrowing - sometimes also referred to as money market protocols - made up roughly half of the overall value locked in DeFi. Statistica found that NFT trading activity more than doubled between July and August 2021, according to the number of unique wallets that either bought or sold an NFT. 

 

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