Zero Hash, a Chicago, IL-based provider of an infrastructure to settle digital assets in an automated and regulated way, closed its Series C funding round of undisclosed amount.
The round was led by tastytrade, a Chicago-based holding company that owns major broker dealers including tastyworks and Dough, as well The Small Exchange, with participation from existing investors Bain Capital TradeStation, CMT Digital and Monday Capital.
The company intends to use the funds to enrich its feature base around its automated lending infrastructure as well as expand its product offering to include ACH processing.
Led by Edward Woodford, co-founder and CEO, Zero Hash provides the infrastructure to settle digital assets in a completely automated and regulated way. Key features include:
- Identity: Verify users’ identities, with KYC/AML requirements under the BSA.
- Balance: Verify real-time account balances and deposits across all assets, with ownership validation.
- Lock: Lock and unlock the withdrawals of assets in real time for committed and exited transactions.
- Transfer: Transfer the ownership of assets with Zero Hash providing the regulatory framework to serve 97%+ of the US population. All transfers can be automated with a full screening of assets to ensure compliance.
- Transactions: Access detailed transaction history with real time transaction updates across 1000+ transaction pairs.
- Loans: Submit and manage digital asset loans with complete customization and automation of margin payments, collateral management and more.
Zero Hash is a FinCen-registered Money Service Business as well as a regulated Money Transmitter that can operate in more than 45 states. It also holds a virtual currency license from NYDFS.
The client base, that it has publicly announced, includes payment service providers including Moonpay and Banxa, established broker dealers including TradeStation as well as some of the largest OTC groups globally.