PANews reported on May 20th that, according to CoinDesk, crypto infrastructure company Zerohash is raising a new round of funding at a valuation exceeding $1.5 billion after Mastercard abandoned its investment plans. Mastercard had previously considered a strategic investment in the company but subsequently abandoned the plan after acquiring BVNK for $1.8 billion. Zerohash is now raising new funds at a valuation higher than the $1.5 billion discussed earlier this year.

Founded in 2017, the company provides APIs and embedded development tools to financial institutions and fintech companies, serving over 5 million users in 190 countries. Its clients include Morgan Stanley, Interactive Brokers, Stripe, BlackRock's BUIDL fund, Franklin Templeton, and DraftKings. In September 2025, Zerohash completed a $104 million Series D-2 funding round at a $1 billion valuation, led by Interactive Brokers.