Crypto infrastructure company Zerohash is seeking new funding at a valuation of over $1.5 billion.

CoinFeed reported on May 20th, citing CoinDesk, that crypto infrastructure company Zerohash is raising a new round of funding at a valuation exceeding $1.5 billion, following Mastercard's decision to abandon its investment plans. Mastercard had previously considered a strategic investment in the company but subsequently abandoned the plan after acquiring BVNK for $1.8 billion. Zerohash is now raising new funds at a valuation higher than the $1.5 billion discussed earlier this year. Founded in 2017, the company provides APIs and embedded development tools to financial institutions and fintech companies, serving over 5 million users in 190 countries. Its clients include Morgan Stanley, Interactive Brokers, Stripe, BlackRock's BUIDL fund, Franklin Templeton, and DraftKings.