Point72 Ventures Leads $35 Million Investment Round for Zero Hash

Zero Hash, a B2B provider of services to the cryptocurrency market (formerly Seed CX), closed a $35 million Series C round. It was led by Point72 Ventures, the firm of billionaire Steven A. Cohen.

Zero Hash Raises $35 Million in Series C Funding Led by Point72 Ventures @p72vc #crypto https://t.co/8bmF4XfMtR

— Zero Hash (@ZeroHashX) September 30, 2021

The round also included NYCA Partners, DriveWealth, Immad Akhund (Mercury), Kalpesh Kapadia (Deserve), Ethan Bloch (Digit) and Jason Gardner (Marqeta).

The funds will be deployed toward obtaining licenses, hiring personnel, and expanding the product line, including in the areas DeFi and NFT.

“Zero Hash’s API will play a key role in popularising crypto assets by giving consumers access through apps they trust,” said Adam Carson, a partner at Point72 Ventures.

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

In June 2020, Zero Hash shut down its exchange-traded crypto-derivatives business and focused on developing settlement infrastructure for fintech startups (including Wirex) and brokers targeting retail investors (TradeStation and others).

Zero Hash works with some of the largest brands in the fintech and financial services ecosystem.

In September, the company completed the rebranding.

In August, Point72 Ventures led a Series A round for Messari.

Follow ForkLog news on Facebook!