Zerohash lands MiCA license amid $2B Mastercard acquisition rumors
Zerohash secured an EU MiCA license, positioning it as a key stablecoin infrastructure provider amidst acquisition rumors involving Mastercard.Summary
Zerohash Europe has obtained a license under the EU's Markets in Crypto-Assets Regulation (MiCA) from the Dutch Authority for the Financial Markets (AFM). This registration as a crypto-asset service provider (CASP) allows Zerohash to offer stablecoin and crypto products to financial institutions across the 30 European Economic Area (EEA) countries, bolstering its appeal for tokenized asset infrastructure.
This regulatory approval coincides with reports, citing anonymous sources, that Mastercard is in advanced talks to acquire Zerohash for a valuation between $1.5 billion and $2 billion. Zerohash, founded in 2017, already serves major clients like Morgan Stanley and Stripe.
The potential acquisition aligns with Mastercard's broader strategy to expand in the stablecoin sector, which includes recent moves like enabling settlements in USDC and EURC in the EEMEA region and participating in a stablecoin pilot project with Kazakhstan's central bank.
(Source：Cointelegraph)