Crypto infrastructure firm Zerohash is seeking a new funding round at a valuation above $1.5 billion after Mastercard decided not to invest in the company.
Reports say Mastercard dropped the potential investment after deciding to acquire UK-based stablecoin infrastructure company BVNK in a deal valued at about $1.8 billion.
Earlier this year, Mastercard reportedly considered a strategic investment in Zerohash, even after talks about an acquisition did not lead to a deal. Zerohash was reported to be seeking about $250 million in funding at a $1.5 billion valuation.
Now, sources say the Chicago-based company is seeking new capital at an even higher valuation, suggesting investors remain interested in crypto infrastructure businesses.
Founded in 2017, Zerohash offers APIs and tools that help fintech firms, brokerages, and financial institutions provide crypto trading, stablecoin, and tokenization services. Its clients include Morgan Stanley, Stripe, Interactive Brokers, and BlackRock.
The company says its infrastructure supports over 5 million users in 190 countries.
This news comes at a time when the digital asset industry is seeing significant consolidation. Crypto exchanges, fintech firms, and payment providers are working to improve their stablecoin, custody, tokenization, and settlement services as institutional demand grows.
Several big deals have already happened this year. Kraken agreed to buy derivatives platform Bitnomial, and Bullish, which owns a crypto exchange, announced a multibillion-dollar deal with tokenization infrastructure provider Equiniti.
Zerohash reached a $1 billion valuation in late 2025 after raising over $100 million in a funding round led by Morgan Stanley, Apollo-managed funds, SoFi, and Jump Crypto.
Industry analysts think infrastructure providers like Zerohash remain attractive investments because they provide the “back-end rails” that support the wider crypto economy without relying solely on volatile trading activity.
Zerohash Seeks New Funding at Over $1.5 Billion Valuation After Mastercard Drops Investment Plans
Crypto infrastructure firm Zerohash is pursuing a new funding round at a valuation exceeding $1.5 billion after Mastercard abandoned plans to invest in the company following its… pic.twitter.com/8OiMANes12
— Wu Blockchain (@WuBlockchain) May 19, 2026
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