Zodia Markets Raises Capital for Stablecoin Push

Digital asset platform Zodia Markets has raised $18.25 million in a series A funding round to meet what the firm calls “skyrocketing” demand for “real-time wholesale trading, settlement and cross-border movement via stablecoins”.

The raise was led by Pharsalus Capital, a New York head-quartered venture capital firm, with participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital and other strategic investors. Zodia Markets says the investment will support continuing geographic expansion and the growing capability of stablecoin-based payment orchestration. It adds that additional institutional trading products will be developed to support cross-border stablecoin payment solutions.

“This raise is an endorsement of our strategy, vision and execution, but more than that, reflects the conviction of globally respected investors who recognise both the complexity of this market and the scale of what we’re building,” claims Usman Ahmad, co-founder and CEO of Zodia Markets. “Their participation signals confidence not just in our model, but in our role as a leader in reshaping and redefining wholesale capital movement.

“Institutional capital shouldn’t have to wait for banking hours or be held back by manual workarounds,” he continues. “Our heritage means we’re in a unique position to reengineer traditional foreign exchange capital flows with real time stablecoin settlement across borders. The next era of finance starts with us and we’re excited to have more support to execute our vision to reimagine the movement of money.”