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Zero Hash

Provider
Crypto / StablecoinCrypto CustodySponsor Bank

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 27 companies across 3 categories.

zerohash.com ↗Also analysed as a company — its own stack →
CategoriesCrypto / Stablecoin, Crypto Custody, Sponsor Bank
Rank#1 of 57 in Crypto / Stablecoin
Buyers27 companies
HeadquartersChicago, Illinois, USA
Founded2017
FoundersEdward Woodford
Raised~$270M+
RegulatoryApplication filed · National trust bank

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Founders & story · from Zero Hash’s own dossier

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.

Latest round: $104M (2025), led by Interactive Brokers
Recent developments
  • 2026Application filed · filed 2026 — Zerohash National Trust Bank, national trust bank, OCC. Stablecoin and crypto infrastructure provider seeking a federal trust charter. [charter] source ↗
  • 2026-07Announced Marqeta partnership to embed stablecoin spending in card programs. source ↗
  • 2025-09Raised $104M at $1B+ valuation, led by Interactive Brokers. source ↗
  • 2025Morgan Stanley selected Zero Hash to power E*Trade crypto trading infrastructure. source ↗
Full dossier: Zero Hash’s own stack, layer by layer →
Charter application · Application filed
Zerohash National Trust Bank · National trust bank · OCC · filed 2026-08-19.
Application filed · filed 2026-08-19
Stablecoin and crypto infrastructure provider seeking a federal trust charter. Second attempt: an earlier filing was returned by the OCC in July 2026; refiled the same charter the following month.
source ↗
Who uses Zero Hash
27 companies disclose Zero Hash in their stack
LightsparkOnePayTransakJunoBytefederalIG GroupMarqetaAlineaShiftCurrentBanxaSecuritize+15 more
Buyer mix · 26 of 27 classified
Fintech / Investment · 7Fintech / Crypto · 5Fintech / Consumer banking · 3Infrastructure / Payments · 2Bank / National · 1Fintech / Cross-border payments · 1Fintech / Gaming & Sports Betting · 1Fintech / Lending · 1
US · 22UK · 1APAC · 1Canada · 1EU · 1
What the disclosures say
Lightspark
“known_customer_listings — Zero Hash publicly lists Lightspark as a customer. lightspark.com/grid-global-accounts — 'Stablecoin issuance...”
OnePay
“Legal page references 'OnePay Crypto Customer Agreement' and 'Zero Hash Crypto Agreement' at https://www.onepay.com/legal — Zero Hash named as crypto infrastructure provider.”
View source · onepay.com ↗
Transak
“Zero Hash publicly lists Transak as a customer at zerohash.com (known_customer_listings TIER 1).”
Juno
“bankingembedded.com/companies/juno lists Zero Hash LLC as a Juno customer/partner. sardine.ai blog post describes: 'Juno users have an all-in-one checking account for direct deposits and a crypto wallet that supports multiple crypto assets.”
Bytefederal
“ByteWallet Terms of Service disclose that custody, trading, and settlement services are provided by Zero Hash LLC and Zero Hash Liquidity Services LLC.”
IG Group
“Zero Hash publicly lists IG Group as a customer on zerohash.com (TIER 1 known_customer_listing).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Zero Hash? Claim this profile above to unlock your own full list.
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What Zero Hash runs on · from its own dossier
The third-party providers Zero Hash itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Zero Hash.
PSP
Stripeworldpayglobal payments
Card Issuing
Marqeta
Payroll
Gusto Embedded
KYC
PersonaPlaid
Open Banking
Plaid
Full dossier with evidence for each layer →
Alternatives to Zero Hash

Other Crypto / Stablecoin providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Circle22 buyers →Bridge16 buyers →BVNK13 buyers →Fireblocks12 buyers →Tempo12 buyers →Lightspark9 buyers →MoonPay9 buyers →Paxos9 buyers →
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Ranked #1 of 57 in Crypto / Stablecoin — Embedded Finance Index 2026
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Zero Hash — frequently asked

Which companies use Zero Hash?

27 companies disclose Zero Hash in their stack in the Embedded Finance Index 2026, including Lightspark, OnePay, Transak, Juno, Bytefederal, IG Group, Marqeta, Alinea, Shift, Current and 2 others.

What does Zero Hash do?

Zero Hash is an embedded-finance provider in Crypto / Stablecoin, Crypto Custody and Sponsor Bank. It ranks #1 of 57 Crypto / Stablecoin providers by disclosed buyers.

Is Zero Hash a bank?

Zero Hash has applied for a national trust bank charter for Zerohash National Trust Bank with the OCC. Status: application filed (2026-08-19).

What are the alternatives to Zero Hash?

The most-disclosed Crypto / Stablecoin alternatives to Zero Hash are Circle (22 buyers), Bridge (16 buyers), BVNK (13 buyers), Fireblocks (12 buyers), Tempo (12 buyers) and Lightspark (9 buyers).

Who founded Zero Hash?

Zero Hash was founded by Edward Woodford and is founded in 2017, headquartered in Chicago, Illinois, USA.

How much funding has Zero Hash raised?

Zero Hash has raised ~$270M+ in total.

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