Zodia Markets, a digital asset platform focused on enabling institutional capital through stablecoins, has secured $18.25m in a series A funding round.
The investment round was led by New York-headquartered Pharsalus Capital, with additional backing 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 received ongoing support from its inception from SC Ventures, the innovation arm of Standard Chartered Bank, and OSL Group, a leading digital asset company in Asia.
The company’s platform merges institutional-grade wholesale finance capabilities with the always-on accessibility of digital assets, making it a key player in stablecoin-enabled transactions across multiple currencies and regions.
Zodia Markets CEO and co-founder Usman Ahmad said, “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. Their participation signals confidence not just in our model, but in our role as a leader in reshaping and redefining wholesale capital movement.
“Institutional capital shouldn’t have to wait for banking hours or be held back by manual workarounds. Our heritage means we’re in a unique position to reengineer traditional foreign exchange capital flows with real time stablecoin settlement across borders. The next era of finance starts with us and we’re excited to have more support to execute our vision to reimagine the movement of money.”
The company’s platform supports over 20 fiat currencies and more than 70 digital assets, including both USD and non-USD stablecoins.
The fresh capital will fuel Zodia Markets’ international expansion plans and enhance its capability to orchestrate stablecoin-based payments at scale. Plans also include the introduction of additional institutional trading products to strengthen its cross-border payment solutions.
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