Zodia Markets Secures $18.25M for Global Growth and Stablecoin Strategy
- Zodia Markets, backed by Standard Chartered, raises $18.25 million for expansion.
- Funding led by Pharsalus Capital and Circle Ventures indicating strategic stablecoin interests.
- Increased institutional crypto engagement anticipated with the infusion.
Zodia Markets, a crypto affiliate of Standard Chartered, secured $18.25 million in Series A funding led by Pharsalus Capital, targeting global growth and enhanced stablecoin operations.
The funding empowers Zodia’s institutional crypto push, potentially influencing BTC, ETH, and stablecoin markets through expanded infrastructure and connectivity with notable investors like Circle Ventures.
Zodia Markets, part of Standard Chartered, successfully raised $18.25 million to support its global expansion and stablecoin payment initiatives. This Series A funding was spearheaded by Pharsalus Capital with significant investment from Circle Ventures.
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Participants in this round include key players such as Pharsalus Capital and Circle Ventures, reflecting a focus on stablecoins, notably USDC. The expansion aims to enhance Zodia Markets’ infrastructure, potentially increasing institutional flows in BTC and ETH transactions.
The funding promises to impact the stablecoin market, particularly USDC, reflecting Circle’s involvement. Investors anticipate that this will drive greater Bitcoin and Ethereum trading volumes as institutional engagement grows.
Usman Ahmad, CEO, Zodia Markets, “This funding round strengthens our commitment to building secure and scalable infrastructure for institutional crypto adoption.”
Historically, similar fundraising activities have led to enhanced crypto infrastructure and increased adoption by institutional clients. Zodia’s approach suggests a continued trend of traditional finance meeting decentralized finance demands, driven by secure and scalable solutions.
As this funding shapes the future of Zodia Markets, industry analysts expect strategic developments in crypto custody and stablecoin applications. The infusion is likely to spark advancements in financial infrastructure catering to institutional cryptocurrency activities.
