Mastercard buys Zerohash at a valuation of up to $2 billion

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CoinMoi
10-30
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Mastercard is preparing to acquire Zerohash, a crypto infrastructure and stablecoin startup, in a deal that could be worth up to $2 billion, Fortune reports .

Zerohash, founded in 2017 in Chicago, provides technology and compliance solutions to help banks, fintechs, and brokerages launch crypto trading services, issue stablecoins, and Tokenize assets. The startup was valued at $1 billion after a $104 million Series D Capital led by Interactive Brokers, with participation from Morgan Stanley and SoFi.

Last month, Fortune also revealed Mastercard and Coinbase were competing to acquire BVNK, another stablecoin startup, for a similar $2 billion price tag.

Mastercard has been actively expanding into the crypto space for years, having partnered with Binance, Gemini , and OKX to issue crypto cards. It has also recently expanded into stablecoins, partnering with Circle and joining the Global Dollar Consortium with Kraken and Robinhood.

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