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.
The article Mastercard buys Zerohash at a valuation of up to $2 billion appeared first on CoinMoi .




