Zodia Markets, a digital asset platform enabling institutional capital through stablecoins, has successfully raised $18.25 million in a Series A funding round.
This capital boost comes as demand for real-time wholesale trading, settlement, and cross-border movement via stablecoins surges.
The raise was led by Pharsalus Capital, a New York-based venture capital firm, with participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and other strategic investors.
Founded in 2021 by Usman Ahmad and Nick Philpott, Zodia Markets has been backed since its inception by SC Ventures, the innovation unit of Standard Chartered Bank, and OSL Group, Asia’s leading digital asset company. Zodia Markets offers an institution-first combination of wholesale finance and the always-on performance of digital assets, particularly excelling in stablecoin-enabled flows. The firm’s multi-currency, global footprint has positioned it as a leading innovator in this space.
The newly raised funds will help Zodia Markets continue expanding its geographic reach and enhance the capabilities of its stablecoin-based payment orchestration. Additionally, the company plans to develop new institutional trading products to support cross-border stablecoin payment solutions, further solidifying its position as a market leader in digital asset transactions.
“We’re excited to have more support to execute our vision to reimagine the movement of money,” said Usman Ahmad, Co-Founder and CEO of Zodia Markets. “This raise is an endorsement of our strategy, vision, and execution, but more than that, reflects the conviction of globally respected investors who recognise both the complexity of this market and the scale of what we’re building.”
Zodia Markets currently supports over 20 fiat currencies and more than 70 digital assets, including USD and non-USD stablecoins.
This funding is part of Zodia Markets’ broader mission to redefine and reshape the movement of capital through innovative solutions that allow institutional players to operate in a 24/7, always-on financial ecosystem.
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