Mastercard in talks to acquire zerohash for nearly $2B: Report
Mastercard is reportedly in advanced talks to acquire crypto and stablecoin infrastructure startup Zerohash for between $1.5 billion and $2 billion.Summary
Mastercard is reportedly in advanced negotiations to acquire Zerohash, a crypto and stablecoin infrastructure startup, for a deal valued between $1.5 billion and $2 billion. This potential acquisition would be one of Mastercard's largest crypto investments, aimed at expanding its tokenization and stablecoin capabilities amid increasing competition in the sector. Zerohash provides API-first infrastructure that allows banks and fintechs to integrate crypto and tokenization, powering significant tokenized funds like BlackRock’s BUIDL. This move follows Mastercard's previous exploration of acquiring BVNK, which ultimately went to Coinbase. The acceleration of digital asset entry by global payments firms like Mastercard, PayPal, Stripe, and Visa is being driven by recent stablecoin legislation in the US and Europe.
(Source：Cointelegraph)