“Can one regulated API become the default embedded crypto, stablecoin, and tokenization layer for every bank, brokerage, and fintech?”
Founded 2017 as a crypto settlement platform, Zero Hash pivoted into a full crypto/stablecoin/tokenization infrastructure API for regulated financial institutions. The 2022 Series D funded expansion of the regulated stack (custody, trading, on/off-ramp), and by 2025 the company had positioned itself as the institutional-grade back-end powering crypto for Stripe, Interactive Brokers, Morgan Stanley E*Trade, MoneyLion, Visa Direct, and OnePay. Recent focus has shifted toward stablecoin payments/payouts and tokenization as the higher-growth wedges.
Zero Hash discloses Zero Hash (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Zero Hash has applied for a national trust bank charter for Zerohash National Trust Bank with the OCC. Status: application filed (2026-08-19). Until then its banking services run through Zero Hash (in-house).
Zero Hash processes payments through Stripe, worldpay and global payments. Disclosed money-movement rails: ACH, RTP and FedNow.
Zero Hash's cards are issued through Marqeta.
Zero Hash uses Persona and Plaid for KYC and identity verification.
Zero Hash's lending and capital products are provided by Zero Hash (in-house).
Zero Hash runs its ledger on Zero Hash (in-house).
Zero Hash connects to bank accounts through Plaid.
Zero Hash uses Zero Hash (in-house) for FX and cross-border payouts.
Zero Hash's payroll is powered by gusto.
Zero Hash's crypto products run on Zero Hash (in-house) and Zero Hash.
The Embedded Finance Index 2026 maps 11 layers in Zero Hash's stack: Payments / PSP (Stripe, worldpay and global payments); Money movement (ACH, RTP and FedNow); Banking / BaaS (Zero Hash (in-house)); Card issuing (Marqeta); Ledger (Zero Hash (in-house)); Lending (Zero Hash (in-house)); Payroll (gusto); Open banking (Plaid); KYC (Persona and Plaid); FX & payouts (Zero Hash (in-house)); Crypto (Zero Hash (in-house) and Zero Hash).
Zero Hash was founded by Edward Woodford and is founded in 2017, headquartered in Chicago, Illinois, USA.
Zero Hash has raised ~$270M+ in total (latest round: $104M (2025), led by Interactive Brokers; valuation: $1B+ (2025)).
Get a read on where your own stack stands against Zero Hash and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.