Zero Hash Holdings Ltd.

https://zerohash.com/

Zero Hash is a leading digital asset infrastructure provider that enables financial institutions and fintech companies to integrate crypto, stablecoin, and tokenization capabilities into their platforms. Founded in 2017 by Edward Woodford and Brian Liston, the company operates as a B2B2C embedded infrastructure platform, handling the complex backend and regulatory requirements for its clients. Headquartered in Chicago, Illinois, Zero Hash aims to simplify access to digital asset technology and facilitate global value transfer.

The company's core offerings span three main areas: trading, payments, and tokenization. This includes providing infrastructure for digital asset trading, stablecoin-powered money movement, global payouts, and seamless on-ramps and off-ramps between crypto and fiat currencies. Zero Hash manages critical functions such as custody, compliance, liquidity, and settlement, serving a diverse client base that includes banks, brokerages, payment companies, and marketplaces. Notable clients leveraging Zero Hash's infrastructure include Stripe, Franklin Templeton, Shift4, Interactive Brokers, MoneyLion, Wirex, MoonPay, and tastytrade.

Under the leadership of Co-Founder and CEO Edward Woodford, Zero Hash has achieved significant milestones, including securing over $170 million in funding. The company has expanded its global footprint, opening a European headquarters in Amsterdam in March 2026 following MiCAR authorization, and has applied for an OCC National Trust Bank Charter. In March 2025, Zero Hash integrated PayPal USD (PYUSD) to broaden its stablecoin offerings. Recognized as the 4th fastest-growing company in North America by Deloitte's Technology Fast 500™ in 2024, Zero Hash has settled over $65 billion in transaction volume and onboarded more than 7 million end customers. The company reportedly rejected a $2 billion acquisition offer from Mastercard in February 2026, underscoring its strong market position as a key player in the evolving digital finance landscape.

Latest updates

Stormrake Enters US Market with Broker-Led Digital Asset Model

Event summary

  • Australian digital asset brokerage Stormrake is expanding into the United States, targeting a market of 70 million digital asset holders.
  • Stormrake is partnering with Zero Hash to power its U.S. operations, leveraging Zero Hash's crypto and stablecoin infrastructure.
  • Stormrake has experienced a 100% increase in its client base over the past year, now serving over 10,000 clients.
  • The company is offering a 2% brokerage rate and priority broker assignment for early U.S. registrations before June 30, 2026.

The big picture

Stormrake's expansion represents a bet on a shift in investor preference towards personalized, relationship-driven digital asset management. This move comes as the broader digital asset market matures and institutional interest grows, fueled by regulatory clarity and the increasing acceptance of digital assets as portfolio components. The partnership with Zero Hash provides Stormrake with the necessary infrastructure to scale its operations in the U.S. market, but the firm faces the challenge of disrupting the existing self-service model.

What we're watching

Regulatory Headwinds
The SEC's shift away from enforcement and towards published frameworks, while positive now, could change, impacting Stormrake's operational runway and expansion plans.
Execution Risk
Successfully replicating Stormrake's relationship-driven model in the U.S. market, where self-service platforms dominate, will be critical to its long-term success and profitability.
Competitive Landscape
The entrance of a broker-led model will likely spur responses from existing exchanges and platforms, potentially intensifying competition for client acquisition and retention.

Zero Hash Integrates USDCx on Canton Blockchain for Institutional Finance

Event summary

  • Zero Hash has enabled support for USDCx on the Canton Network, allowing enterprise platforms to embed USDC for settlement and payments.
  • The Canton Network is a layer-1 blockchain designed for institutional finance and RWA tokenization, backed by over 30 financial institutions.
  • Zero Hash’s integration provides interoperability between USDC from different blockchains, abstracting away cross-chain bridging.
  • tastytrade is using the integration to offer instant, 24/7 account funding via USDC on Canton.
  • Zero Hash operates in 51 U.S. jurisdictions and has a global regulatory footprint.

The big picture

This integration signifies a continued push towards institutional adoption of blockchain technology and stablecoins for financial settlement. Canton's focus on privacy and compliance, combined with Zero Hash's infrastructure, addresses key concerns for regulated financial institutions. The move highlights the growing trend of tokenizing real-world assets and the need for interoperable blockchain solutions to facilitate liquidity and settlement across different networks.

What we're watching

Adoption Rate
The speed at which other enterprise platforms adopt this integration will indicate the true demand for USDCx on Canton and the effectiveness of Zero Hash’s infrastructure.
Regulatory Scrutiny
Increased regulatory focus on Canton's privacy features and USDC's role in institutional finance could impact the long-term viability of the integration.
Competition
The emergence of alternative blockchain networks and infrastructure providers could challenge Zero Hash’s position as a leading enabler of institutional digital asset adoption.

Zerohash Expands Amsterdam Hub, Capitalizing on EU Crypto Regulation

Event summary

  • Zerohash is expanding its European headquarters in Amsterdam.
  • The expansion follows Zerohash’s receipt of MiCAR authorization, enabling passporting across the EEA.
  • Amsterdam was chosen for its robust regulatory environment and financial services talent pool.
  • Zerohash employs approximately 200 people globally, with offices in New York, Chicago, North Carolina, and Amsterdam.

The big picture

Zerohash’s expansion reflects the broader trend of increased institutional interest in regulated digital asset infrastructure within Europe, spurred by the implementation of MiCAR. The company’s ability to offer a unified regulatory framework for both European and U.S.-based clients positions it to capitalize on the growing demand for compliant crypto services, but also exposes it to the risks inherent in a rapidly evolving regulatory landscape. The Amsterdam hub serves as a critical gateway for Zerohash to access the broader EU market and support the increasing demand for stablecoin-powered solutions.

What we're watching

Regulatory Headwinds
The success of Zerohash’s European expansion hinges on the consistent and predictable application of MiCAR across member states, which could be subject to future revisions or interpretations.
Client Adoption
The pace of adoption by European institutions will determine Zerohash’s ability to scale its operations and achieve profitability within the EEA.
Competitive Landscape
Increased regulatory clarity in Europe will likely attract additional infrastructure providers, intensifying competition for clients and potentially compressing margins.

BitMart US Enters US Market via zerohash Infrastructure Partnership

Event summary

  • BitMart US has formally launched operations in the United States, covering all 50 states, Washington D.C., and Puerto Rico.
  • The platform is partnering with zerohash as its regulated crypto and stablecoin infrastructure provider.
  • BitMart US is offering zero commissions on trading and no fees for deposits and withdrawals (excluding on-chain network fees).
  • zerohash holds FinCEN registration and money transmitter licenses in 51 U.S. jurisdictions, including New York State.

The big picture

BitMart's cautious entry into the U.S. market underscores the challenges of navigating a complex regulatory landscape. By outsourcing compliance and custody to zerohash, BitMart avoids the significant capital expenditure and operational risk associated with building its own infrastructure. This model, where specialized infrastructure providers enable broader platform adoption, is likely to become increasingly prevalent in the crypto space as regulatory clarity evolves.

What we're watching

Regulatory Headwinds
The long and deliberate approach to US market entry highlights the ongoing regulatory scrutiny and compliance burdens facing crypto platforms, and BitMart’s success will hinge on maintaining this posture.
Execution Risk
While zerohash provides the infrastructure, BitMart US’s ability to attract and retain users in a competitive market, particularly with its fee structure, will determine its long-term viability.
zerohash Growth
This partnership validates zerohash’s strategy of becoming the foundational infrastructure layer for crypto platforms, and its ability to secure further major clients will be a key indicator of its overall success.

Zero Hash Seeks National Trust Bank Charter to Navigate Stablecoin Regulation

Event summary

  • Zero Hash, a provider of crypto and stablecoin infrastructure, has applied for a National Trust Bank Charter from the OCC.
  • If approved, the charter would allow Zero Hash to operate as a federally regulated national trust bank.
  • The application complements Zero Hash’s existing regulatory footprint across multiple jurisdictions, including 51 U.S. jurisdictions.
  • Zero Hash currently supports stablecoin and digital asset infrastructure for partners including Morgan Stanley, Interactive Brokers, Stripe, and Franklin Templeton.
  • The move is partly driven by the maturing regulatory landscape for stablecoins and digital assets, including potential impacts from the GENIUS Act.

The big picture

Zero Hash’s pursuit of a National Trust Bank Charter represents a significant step towards mainstream adoption of stablecoins and digital assets, reflecting a growing recognition of their integration into the traditional financial system. The move underscores the increasing importance of regulatory compliance for firms operating in this space, as regulatory clarity and frameworks become essential for attracting institutional investment and expanding use cases. Securing this charter would position Zero Hash as a key player in the evolving digital asset infrastructure landscape, potentially influencing the direction of future regulatory developments.

What we're watching

Regulatory Scrutiny
The OCC’s review process and any conditions imposed upon approval will signal the agency’s broader stance on digital asset institutions and the scope of permissible activities.
GENIUS Act Impact
The extent to which Zero Hash’s operations will be shaped by the GENIUS Act, if enacted, will reveal the practical implications of the legislation for stablecoin issuers.
Competitive Landscape
The success of Zero Hash’s charter application could spur similar moves by other infrastructure providers, intensifying competition within the regulated digital asset space.

Alinea Invest Integrates Crypto Trading, Reflecting Gen Z Shift

Event summary

  • Alinea Invest launched crypto trading on its platform, powered by Zero Hash, in February 2026.
  • The launch is Alinea’s most popular product release in the past year, driven by user engagement.
  • Alinea, founded in 2021, has over 2 million app downloads and recently raised a $10.4 million Series A.
  • Zero Hash provides crypto infrastructure to financial institutions, operating in 51 US jurisdictions and globally.
  • Approximately 35% of Gen Z investors allocate over half of their portfolios to crypto, according to the World Economic Forum.

The big picture

Alinea’s move underscores a significant shift in crypto adoption, with younger investors preferring integrated experiences within trusted financial brands rather than standalone crypto exchanges. This convergence of traditional finance (TradFi) and cryptocurrency is accelerating, driven by demand for accessibility and regulatory clarity. Zero Hash’s role as an infrastructure provider highlights the increasing reliance on specialized technology to enable this integration and manage associated compliance risks.

What we're watching

Adoption Rate
The pace at which Alinea’s Gen Z user base adopts crypto trading will indicate the broader market’s appetite for integrated crypto offerings within established investing platforms.
Regulatory Scrutiny
Increased integration of crypto into mainstream investing apps will likely draw greater regulatory attention, potentially impacting Alinea’s operational flexibility and Zero Hash’s compliance burden.
Competitive Landscape
Other established investing platforms will likely accelerate their own crypto integration efforts, intensifying competition for Gen Z investors and potentially eroding Alinea’s first-mover advantage.

Zerohash Integrates with Monad Blockchain to Streamline Stablecoin Payments

Event summary

  • Zerohash has enabled support for the Monad blockchain and its USDC.Monad stablecoin.
  • The integration allows Zerohash’s platform partners to build and launch stablecoin-powered payment flows.
  • Zerohash operates in multiple jurisdictions, including the EU, Latin America, Australia, New Zealand, Bermuda, and the United States (as a FinCEN-registered Money Services Business).
  • Monad is an EVM-compatible Layer 1 blockchain designed for high-frequency finance.

The big picture

This partnership reflects a broader trend of specialized blockchains emerging to address the performance limitations of existing networks for financial applications. By abstracting away the complexities of blockchain infrastructure, Zerohash aims to accelerate the adoption of stablecoins for real-time payments and settlement, a critical component of modernizing global financial rails. The integration positions Zerohash to capitalize on the growing demand for compliant and scalable stablecoin payment solutions, but also exposes it to the risks associated with reliance on a single blockchain network.

What we're watching

Regulatory Scrutiny
Increased regulatory focus on stablecoin payments and infrastructure providers could impact Zerohash’s global operations and necessitate ongoing compliance adjustments.
Adoption Rate
The success of this integration hinges on the adoption rate of Monad and USDC.Monad by Zerohash’s existing and prospective partners, which will determine the tangible impact on Zerohash’s revenue.
Competitive Landscape
The emergence of specialized blockchains like Monad intensifies competition within the blockchain infrastructure space, potentially pressuring Zerohash to continually innovate its platform to maintain its market position.

Stablecoin Adoption Accelerates, Embedded in Core Financial Infrastructure

Event summary

  • Zerohash's 2026 Stablecoin Momentum Report indicates a significant acceleration in stablecoin adoption throughout 2025.
  • The report introduces 'Stablecoin-Ready Accounts' (SRAs), estimating over 1.4 billion globally, reflecting integration across mainstream platforms.
  • Zerohash's platform saw a 146% year-over-year increase in active stablecoin customers and a 208% surge in transaction frequency.
  • Mentions of 'stablecoin' in SEC filings rose over 290% year-over-year, signaling increased institutional attention.

The big picture

Zerohash's report confirms stablecoins are transitioning from a niche crypto asset to a core component of global financial infrastructure, facilitating payments, settlements, and treasury operations. The proliferation of SRAs and the surge in transaction volume demonstrate a shift towards operational utility, moving beyond speculative trading. This maturation is being driven by regulatory clarity in key jurisdictions and the increasing integration of stablecoins into mainstream financial platforms.

What we're watching

Regulatory Scrutiny
The continued evolution of MiCAR and potential US regulatory frameworks will dictate the pace of stablecoin adoption and innovation, particularly regarding licensing and operational requirements.
Execution Risk
Zerohash's emphasis on execution highlights a potential bottleneck; the ability to scale infrastructure reliably and compliantly across diverse jurisdictions will be crucial for sustained growth.
Competitive Landscape
The rapid expansion of stablecoin infrastructure providers suggests increased competition, potentially impacting margins and requiring differentiation beyond basic functionality.

Gusto Integrates Stablecoin Payroll, Accelerating Cross-Border Payments

Event summary

  • Gusto, serving over 400,000 SMBs, has partnered with Zero Hash to offer stablecoin payouts to contractors.
  • The new stablecoin payroll capability is currently in beta and aims to provide instant, global payments.
  • Traditional cross-border payments typically take 3-7 days, while stablecoin payments settle in seconds.
  • The shift towards distributed workforces, with 11% of SMBs employing international contractors, is driving demand for faster payment solutions.

The big picture

Gusto’s move to integrate stablecoin payouts underscores the growing pressure on payroll systems to support a globally distributed workforce and the increasing demand for real-time payments. This partnership positions Zero Hash as a key infrastructure provider for businesses seeking to modernize their payroll processes, but also highlights the nascent regulatory landscape surrounding stablecoin adoption in payroll applications. The trend of SMBs outsourcing and hiring international contractors is accelerating, creating a significant market opportunity for solutions that streamline cross-border payments.

What we're watching

Regulatory Scrutiny
Increased adoption of stablecoins for payroll will likely draw greater regulatory attention to both Gusto and Zero Hash, potentially impacting operational compliance and expansion plans.
Adoption Rate
The speed of contractor adoption of stablecoin payouts will determine the long-term value of the partnership, as it requires a shift in user behavior and wallet integration.
Competitive Response
Other payroll providers will likely evaluate similar stablecoin integrations, potentially intensifying competition and requiring Gusto to continually innovate its offering.
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