Zerohash Targets $250 Million Funding Round at $1.5 Billion Valuation
Zerohash aims to raise $250 million after ending acquisition talks with Mastercard, which is still weighing a strategic investment amid growing demand for enterprise crypto infrastructure.
Blockchain infrastructure firm Zerohash is in negotiations to raise $250 million at a $1.5 billion valuation, according to sources. The company recently withdrew from acquisition talks with Mastercard, which continues to consider a strategic investment. This potential raise follows Zerohash’s October 2023 $104 million Series D-2 round that valued the firm at $1 billion and attracted investors such as Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, and Northwestern Mutual Future Ventures. Founded in 2017, Zerohash provides APIs and developer tools enabling financial institutions and fintechs to offer crypto, stablecoin, and tokenization products to clients including Interactive Brokers, Stripe, BlackRock’s BUIDL fund, Franklin Templeton, and DraftKings, serving over five million users across 190 countries. The funding push aligns with heightened institutional interest in tokenized assets and on-chain settlement solutions.
- Blockchain infrastructure: Underlying technology and services that support blockchain networks, including nodes, APIs, and data processing systems.
- Valuation: The estimated monetary worth of a company, often determined during funding rounds based on financial metrics and market potential.
- Tokenization: The process of converting real-world assets into digital tokens that can be traded or managed on a blockchain.