By
Janis Rijnieks
September 12th, 2019
Zero Hash noted that the secured capital will go a long way in expanding its global licensing framework and making strategic acquisitions.
Zero Hash, a digital assets infrastructure company, has raised $35 million in a Series C funding round led by Point72 Ventures. Other notable investors included NYCA Partners, DriveWealth, Immad Akhund (Founder & CEO of Mercury), Kalpesh Kapadia (Founder & CEO of Deserve), Ethan Bloch (CEO and Founder of Digit), and Jason Gardner (Founder & CEO of Marqeta).
Zero Hash noted that the secured capital will go a long way in expanding its global licensing framework and making strategic acquisitions.
Speaking on the matter, Adam Carson, Partner at Point72 Ventures said the firm is well-positioned to help fintech institutions venture into the crypto industry.
“We believe embedded finance solutions, like Zero Hash’s crypto API platform, will help play an important role in enabling broader adoption of digital assets by allowing consumers to access crypto through the fintech apps and financial services brands they already use and trust,” Carson noted.
With clients spanning from Neo-banks, broker-dealers, and payment groups, the firm is fully committed to helping its clients to launch digital assets. Some of the notable clients include MoneyLion, Wirex, tastyworks, TradeStation among others.
“Zero Hash is defining an entire new Fintech vertical of ‘digital-assets as a service’. Zero Hash is a pure-play B2B embedded infrastructure platform that allows any platform to integrate digital assets natively into their own customer experience quickly and easily,” said Edward Woodford, Founder, and CEO. “We power digital asset trading and custody, crypto-backed rewards programs as well as yield through staking and DeFi. Zero Hash handles the entire back-end complexity and regulatory licensing required to offer digital asset products.”
Zero Hash and the Market Outlook amid Its Successful Funding
The company has secured backing from investors who have well being for the digital asset industry. Led by Point72 Ventures that invests in disruptive technologies including artificial intelligence, blockchain technology among others.
The capital now puts the firm at the forefront of institutional investors seeking to close the gap for other institutional investors seeking to venture into the digital assets industry.
As an institutional investor, Zero Hash is reportedly a major power-hub in the entire global on-chain transaction volume. Its presence is expected to further grow in the fourth quarter as analysts anticipate a major crypto breakout in the coming months.
Notably, the firm has seen a major influx of services demand, thereby doubling its number of employees compared to the beginning of the year.
In addition to licensing expansion, the firm seeks to use the extra cash in its marketing sector, product, and engineering divisions.
