Zerohash, a provider of digital asset infrastructure, is reportedly in talks to secure new funding that would value the company at over $1.5 billion. This development comes after Mastercard decided not to proceed with a planned investment, instead pursuing a different strategic acquisition in the stablecoin sector. According to sources, Mastercard had been considering a significant investment in Zerohash but shifted its focus after agreeing to acquire BVNK, a stablecoin infrastructure firm, for up to $1.8 billion. The deal with BVNK is designed to bridge on-chain payments with traditional fiat systems across more than 130 countries. A Zerohash representative refrained from commenting on the fundraising discussions, while Mastercard did not respond to inquiries.
Earlier this year, Mastercard was in advanced talks to acquire Zerohash entirely, with a potential valuation between $1.5 billion and $2 billion. That deal would have been one of Mastercard’s largest moves into the stablecoin space. Zerohash offers a suite of API-based tools that enable banks, brokerages, and fintech companies to integrate crypto and stablecoin capabilities, including custody, compliance, liquidity, and settlement. The company has also been involved in tokenized fund projects with major asset managers like BlackRock, Franklin Templeton, and Hamilton Lane.
Zerohash achieved unicorn status in September 2025 after a $104 million Series D-2 funding round led by Interactive Brokers, which brought its total raised capital to $275 million. Other participants included Morgan Stanley, Apollo-managed funds, SoFi, and Jump Crypto. The company’s platform now supports over 5 million users in 190 countries and powers products for notable clients such as Stripe, Shift4, DraftKings, and Kalshi. By providing a complete digital asset infrastructure, Zerohash allows firms to offer crypto trading, stablecoin payments, and tokenized assets without building blockchain systems from the ground up.