ZeroHash has announced it has secured a license for its European operations.
ZeroHash has revealed it has achieved full compliance with MiCA(R), the European regulatory framework effective from June 2024, through the AFM in Holland.
The platform offers easy and secure digital asset infrastructure for some of the biggest fintechs, financial institutions and emerging startups including WorldPay, Transak, TastyTrade and Kalshi.
Reacting to the announcement, Founder and CEO Edward Woodford expressed:
Securing MiCAR authorization is a major step in our mission to make digital assets accessible in a safe, trusted way. We are excited to continue to accelerate our vision that blockchain technology, which underpins digital assets and stablecoins, will become integral to financial institutions.
The company first started nearly a decade ago and to date has settled $50B+ in total transaction volumes, serving clients across 200+ countries.
Enabling stablecoin payroll makes up a significant part of its global success, as seen in one of the case studies published on how its infrastructure helps Remote with its client payouts, as 65% of contractors choosing to be paid out in stablecoins.
ZeroHash has been a point of attention recently in the wave of acquisitions of stablecoin-linked companies.
Despite its September raise of $104M at a $1B valuation, the team has been linked as a potential acquisition for MasterCard with a $2B valuation.
