Zero Hash has closed its Series C round, which was led by tastytrade, a Chicago-based holding company.
Other participants of the round included Bain Capital TradeStation, CMT Digital and Monday Capital.
While the amount of capital raised in the round was not disclosed, Zero Hash will use the new funds to improve its automated lending infrastructure and expand its tools to include ACH processing.
Zero Hash has built an infrastructure capable of settling digital assets in an entirely automated and regulated manner. Its clients include payment service providers, broker dealers and OTC groups.
Its services can verify identities to meet KYC and AML requirements, verify real-time account balances and deposits, lock and unlock withdrawals and transfer ownership of assets.
Tastytrade founder and Co-CEO Tom Sosnoff said, “We’re excited for our company to begin its journey into digital currencies with one of the brightest, most innovative startups in the world of digital asset settlement.
“Zero Hash offers the complete solution for trading and moving digital assets and we’re committed to exploring this domain through our investment.”
Copyright © 2020 FinTech Global