Mastercard is in advanced talks to acquire stablecoin infrastructure firm Zerohash for around $1.5 to $2 billion, aiming to expand its presence in the growing stablecoin market, which has seen a significant increase in market cap and regulatory support this year.
Mastercard is in late-stage negotiations to acquire crypto startup Zerohash for up to $2 billion, marking a significant move into stablecoin infrastructure and crypto payments, amidst a broader industry trend of major companies investing in stablecoins and blockchain technology.
Morgan Stanley will enable cryptocurrency trading on its E*Trade platform starting in the first half of 2026 through a partnership with Zerohash, offering trading in bitcoin, ether, and solana, as the digital assets market continues to grow and attract major financial institutions.
Crypto infrastructure startup Zerohash raised $104 million in a Series D funding round led by Interactive Brokers, with backing from Morgan Stanley, SoFi, and Apollo, valuing the company at $1 billion. The firm provides blockchain-based products for banks and fintechs, including crypto trading, stablecoins, and tokenization, and aims to accelerate adoption across these areas amid a more favorable regulatory environment.