Crypto infrastructure provider Zerohash is raising fresh capital at a valuation above $1.5 billion after Mastercard abandoned its investment plans, according to CoinDesk, citing people with knowledge of the matter. Mastercard walked away following its $1.8 billion acquisition of UK-based stablecoin infrastructure firm BVNK in March, after earlier advanced talks to acquire the Chicago-based company at up to $2 billion fell through when Zerohash opted to remain independent. Zerohash, which serves more than 5 million users across 190 countries and counts Morgan Stanley, Interactive Brokers, Stripe and BlackRock's BUIDL fund among its clients, was last valued at $1 billion in a $104 million Series D-2 round in September 2025.