The real-world asset tokenization and stablecoin infrastructure provider recently withdrew from acquisition talks with Mastercard. Zerohash, the enterprise-blockchain infrastructure service provider for stablecoins and real-world asset tokenization, is reportedly raising $250 million at $1.5 billion valuation. A person familiar with the matter told CoinDesk that transaction details could still change. Mastercard reportedly planned to acquire Zerohash in a $2 billion deal, according to a Fortune report last October.
According to the report, the transaction details of the deal could still change as discussions progress. CoinDesk also reported that Mastercard is still considering a strategic investment in Zerohash, after the blockchain company withdrew from acquisition talks that would have valued it at about $2 billion. The report comes amid increased interest from traditional financial institutions in digital asset payment rails, supported by the signing into law of the GENIUS Act last July.
The proposed acquisition and now a potential strategic investment in Zerohash is seen as a strategic play by Mastercard in the stablecoin race. The report also comes out barely three months after Zerohash raised $150 million in a Series D-2 funding round led by Interactive Brokers, with participation from Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. The round valued the crypto company at $1 billion.
Founded in 2017, Zerohash provides APIs and developer tools that enable traditional financial institutions and fintech companies to offer cryptocurrency, stablecoin, and tokenized products. The company’s products have been adopted by some of the leading financial services companies, including Interactive Brokers, Stripe, BlackRock’s BUIDL fund, Franklin Templeton, and DraftKings. Quick take: Mastercard is reportedly still considering a strategic investment in Zerohash, with discussions ongoing.
Asia’s premier Web3 conference, TOKEN2049, will coincide with the Formula 1 Singapore Grand Prix race weekend. Zerohash, the real-world asset tokenization and stablecoin infrastructure provider, is reportedly raising $250 million at a $1.5 billion valuation after withdrawing from acquisition talks with Mastercard. The move underscores ongoing institutional interest in stablecoin rails and tokenization outside traditional exchange pipelines.
The move underscores ongoing institutional interest in stablecoin rails and tokenization outside traditional exchange pipelines. Mastercard had planned a $2 billion acquisition, but discussions have shifted toward a potential strategic investment instead. This evolution is seen as a strategic play in the stablecoin race, reflecting broader momentum around tokenized finance as traditional banks and fintechs explore digital assets, aided by the GENIUS Act signed into law last July.
The fundraising comes roughly three months after Zerohash raised $150 million in a Series D-2 round led by Interactive Brokers, with participation from Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. The round valued Zerohash at $1 billion. Mastercard remains in discussions about a strategic investment, signaling ongoing interest from traditional finance in crypto rails as TOKEN2049 and related events highlight Asia’s Web3 focus.
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