B2B digital asset infrastructure provider Zero Hash has raised $105 million in a Series D funding round.
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
The Series D fundraising closely follows the completion of a $35 million Series C in September 2021.
Zero Hash Founder and CEO Edward Woodford said fintech has defined a new “digital assets as a service” vertical, believing that every financial services company and a significant number of consumer-facing businesses customers will offer a crypto or NFT product within the next 12 months.
Zero Hash’s APIs allow neobanks, brokers, payment platforms and other businesses to integrate crypto and NFTs into their platforms, supporting backend and regulatory licensing.
Fintech products include buying and selling crypto, P2P transfers, rewards, roundups, and staking.
Zero Hash intends to use the money to expand its global workforce in the areas of compliance, marketing, product and engineering.
The money will also go towards improving its support for Layer 2 protocols as well as doubling the number of assets it supports to over 80 by the end of the year.
The cash injection will also allow the company to expand its international licensing framework to provide a one-stop infrastructure for large global companies.