MasterCard Eyes $2B Zerohash Acquisition: Report

Mastercard is reportedly in advanced talks to acquire crypto and stablecoin infrastructure startup Zerohash in a deal worth from $1.5 billion to $2 billion, according to multiple sources familiar with the negotiations.

the news, reported By Fortune on Wednesday, following MasterCard’s earlier efforts to expand its footprint on the StableCoin infrastructure.

The global payments giant previously explored acquiring BVNK, a London-based startup, in a deal worth close to $2 billion, according to sources familiar with the talks.

While no deal has been announced, sources say Mastercard has been outbid by centralized crypto exchange Coinbase, which is now in exclusive talks with BVNK.

https://www.youtube.com/watch?v=ry9mi57pbjs

ZeroHash is an API-first infrastructure Giver That allows banks, fintechs and brokers to embed crypto, stablecoins and tokenization into their existing platforms.

According to a Press Release In April, the company raised more than $2 billion in tokenized funding flows over the past four months.

It also provides the payment infrastructure behind major tokenized funds such as BlackRock’s Buidl, Benji Token Token and Hamilton Lane’s HLPIF, according to the company.

Related: Circle arc attracts South Korea’s first StableCoin experiment

Global payments companies are rushing to StableCoins

Following the passage of StableCoin legislation in the United States and Europe, payment companies around the world are accelerating their entry into the digital asset space.

In September, PayPal expands PayPal USD stableCoin Across many new blockchains, including avalanche, aptos, tron, ink, abstract, stable and SEI.

In the same month, Stripe announced a new tool called Open Issuance that allows any business to mint and manage their own StableCoins. The service is supported by StableCoin Infrastructure Company Bridgewhich Stripe acquired in October 2024.