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← Embedded Finance Index 2026

Zerohash

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“Can one regulated platform become the 'AWS of on-chain infrastructure' for every bank, brokerage, PSP, and fintech that needs crypto, stablecoin, or tokenization capability?”

Founded2017
HQChicago, Illinois, U.S.
FoundersEdward Woodford
Total raised$275M
Latest roundSeries D-2, 2025
Valuation$1B+ (unicorn, 2025)
IndustryInfrastructure / Crypto
The story

Founded 2017 as a crypto settlement and infrastructure provider, Zerohash evolved into a full-stack regulated embedded crypto, stablecoin, and tokenization platform. Its 'AWS of on-chain infrastructure' positioning now covers trade, transact (payins/payouts/remittances/on-ramp), tokenization, and agentic finance for banks, brokerages, PSPs, and fintechs. 2025-2026 saw rapid adoption of its stablecoin payout rails (Stripe) and card-issuing integrations (Marqeta), moving beyond crypto-brokerage support into core payments infrastructure.

Last 12 months
2026-07
2025-09
2025-10
Product timeline
2017
Zerohash founded in Chicago by Edward Woodford· founding
2022
Raised $105M Series D at $340M valuation· funding
2025
Raised $104M Series D-2 led by Interactive Brokers; reached unicorn status· funding
2025
Selected by Morgan Stanley to provide crypto-trading infrastructure for E*Trade· banking
2025
Powering OnePay crypto features (per CNBC)· banking
2026
Partnership with Marqeta announced to integrate stablecoin infrastructure into card issuing· card
Regulated entities
1
regulatory licence held by Zerohash
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Zerohash’s embedded-finance stack
Lending
Zerohash Lending Stack (in-house)
Open banking
in the full report
Crypto
in the full report
Accounting gap: minor
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Zerohash — frequently asked

Who provides Zerohash's lending?

Zerohash's lending and capital products are provided by Zerohash Lending Stack (in-house).

Which open banking provider does Zerohash use?

Zerohash connects to bank accounts through Plaid.

Which crypto provider does Zerohash use?

Zerohash's crypto products run on Zerohash (in-house), Zero Hash and Zerohash Qualified Custody (in-house, MPC wallets + warm storage).

What is Zerohash's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Zerohash's stack: Lending (Zerohash Lending Stack (in-house)); Open banking (Plaid); Crypto (Zerohash (in-house), Zero Hash and Zerohash Qualified Custody (in-house, MPC wallets + warm storage)).

Who founded Zerohash?

Zerohash was founded by Edward Woodford and is founded in 2017, headquartered in Chicago, Illinois, U.S..

How much funding has Zerohash raised?

Zerohash has raised $275M in total (latest round: Series D-2, 2025; valuation: $1B+ (unicorn, 2025)).

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