Crypto startup Zero Hash raises $105 million

Zero Hash, a B2B services provider in the cryptocurrency market, closed a $105 million Series B funding round.

@ZeroHashX announces $105 million in Series D #funding. We’re excited to be working with some of the largest brands across the financial services ecosystem to power their digital offerings, making crypto more accessible around the world. Read more here https://t.co/hhmVKjjTnj

— Zero Hash (@ZeroHashX) January 12, 2022

The financing round was led by NYCA Partners, Bain Capital and Point72 Ventures, billionaire Steven Cohen.

The funds will be used for marketing, product development, and expanding the team to meet regulatory requirements.

The firm also plans to double the number of supported assets to more than 80 by the end of 2022.

The startup’s blog published a chart of fundraising. In May 2018, Zero Hash closed a Series A funding round worth $4.5 million, in March 2019 a Series B for $15.5 million, in September and October 2021 Series C for $5 million and $35 million.

Zero Hash enables any platform to integrate trading, custody, staking of digital assets and DeFi into its own solutions. The company handles the backend and regulatory issues.

Earlier in January, the Swiss-regulated crypto bank Sygnum closed a Series B round for $90 million. The company’s valuation was around $800 million.

Earlier, the non-fungible token marketplace OpenSea raised $300 million.

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