The provider of B2B services in the cryptocurrency market Zero Hash has closed a Series D funding round in the amount of $105 million.
Thus, NYCA Partners, Bain Capital and Point72 Ventures of billionaire Steven Cohen led the investment round.
Furthermore, the funds raised by Zero Hash will go to marketing, development; and expansion of the team to comply with regulatory requirements. The firm also plans to double the number of supported assets to more than 80 by the end of 2022.
Integrating trading, storage, staking of digital assets and decentralized finance
The crypto startup blog has published a schedule for attracting investments.
In May 2018, Zero Hash closed a Series A funding round in the amount of $4.5 million. In March 2019 – Series B for $15.5 million, in September and October 2021 – Series C for $5 million and $35 million.
Zero Hash allows any platform to integrate trading, storage, staking of digital assets; and decentralized finance (DeFi) into its own solutions. In addition, the company takes care of the backend and regulatory issues.
Sygnum and OpenSea
Recall that in January, the Swiss regulated cryptocurrency bank Sygnum closed a Series B funding round in the amount of $90 million; headed by Sun Hung Kai, a Hong Kong-based real estate and alternative investment firm. Sun Hung Kai has a strategic ambition to grow its fund management solutions into digital assets, according to firm executive chairman Lee Seng Huang. Consequently, the company’s valuation reached approximately $800 million.
Previously, non-fungible token (NFT) marketplace OpenSea announced that it has received $300 million in Series C investment led by Coatue and Paradigm to help it realize its ambition.
OpenSea’s valuation topped $13.3 billion as a result of the latest acquisition. Apart from Paradigm and Coatue, the round attended by a number of new and old investors, according to OpenSea.