Fortune reports that the deal is valued between $1.5 billion and $2 billion and is now in its final negotiation stage. While not yet finalized, the acquisition could become one of Mastercard’s largest investments in the stablecoin sector.
Founded in 2017 in Chicago, Zerohash builds infrastructure for stablecoin and crypto payment services. The company enables partners to launch trading platforms, integrate tokenization, and deploy APIs for managing digital assets. Its investors include Interactive Brokers, Apollo, Point72 Ventures, and Nyca. In September, Zerohash raised $104 million at a $1 billion valuation.
Mastercard’s interest in the company reflects growing competition among global payment providers vying for leadership in digital currencies. The firm previously held acquisition talks with another startup, BVNK, but Fortune’s sources say Coinbase secured exclusive rights to that deal.
In 2021, Mastercard entered the crypto space by acquiring the blockchain analytics firm CipherTrace, although some of its products were later discontinued. More recently, the company has expanded its presence in the stablecoin ecosystem by joining a consortium that also includes Robinhood and Kraken.
Read also:
- Visa Reports Fourfold Growth in Stablecoin Transactions
- Western Union to Launch Its Own Stablecoin on the Solana Blockchain
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