Zero Hash
Zero Hash LLC
Zero Hash is the regulated infrastructure layer that banks, brokers and fintechs use to embed digital assets, stablecoins and tokenization into their platforms, handling compliance and custody. Founded in 2017, it operates with FinCEN MSB registration, 51 US money-transmitter licenses, an NYDFS BitLicense and a North Carolina trust charter for qualified custody; in Europe it is licensed as a CASP (MiCAR) through zerohash europe B.V. (AFM/DNB). Custody uses segregated MPC wallets with 1:1 backing and no rehypothecation. It raised a $104M round (Series D led by Interactive Brokers, with Morgan Stanley, SoFi and Apollo).
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Custody model | qualified-custody |
| Customer type | Fintech, Enterprise, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA |
| Regulator | FinCEN / NYDFS (US) · AFM / DNB (EU) |
| Segment | B2B |
| MiCA / License status | FinCEN MSBNYDFS BitLicenseUS Money TransmitterMiCA CASP FinCEN MSB · NYDFS BitLicense · 51 US Money Transmitter licenses · MiCAR CASP (EU) · North Carolina trust charter |
Strengths
- Very broad regulatory coverage: FinCEN MSB, 51 US MTLs, NYDFS BitLicense, a trust charter for qualified custody and a MiCAR CASP in Europe.
- Qualified custody with segregated MPC wallets, 1:1 backing and no rehypothecation; strong institutional backing (Interactive Brokers, Morgan Stanley, SoFi).
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure for banks, brokers and fintechs: not directly accessible to end consumers.
- Custodial model: end-user funds are held by Zero Hash on behalf of its business clients.
- Custodial: the platform holds your funds and can freeze or lose them.
- Subject to regulation (FinCEN MSB · NYDFS BitLicense · 51 US Money Transmitter licenses · MiCAR CASP (EU) · North Carolina trust charter): reporting to authorities and freezes on order.
Verdict
Score 4.5/5, very strong profile. In its favour: very broad regulatory coverage: FinCEN MSB, 51 US MTLs, NYDFS BitLicense, a trust charter for qualified custody and a MiCAR CASP in Europe. The trade-off to weigh: b2B infrastructure for banks, brokers and fintechs: not directly accessible to end consumers.
On the Sovereignty lens the score is 0.5/5 (weak): the strength is fund control (0.5/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Zero Hash?
Not directly. Zero Hash is the behind-the-scenes infrastructure that banks, brokers and apps embed; the end user interacts with Zero Hash's client app, not with Zero Hash itself.
Does Zero Hash custody assets?
Yes. It offers qualified custody with segregated MPC wallets and 1:1 backing; assets are not rehypothecated or moved without client instruction.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026
- cnbc.com SoFi Data verified on Jul 17, 2026
- docs.zerohash.com Data verified on Jul 17, 2026