Zero Hash Launches Operations in Brazil as First Step in Latin America

After opening an office in São Paulo, the company now plans to offer execution, settlement and liquidity solutions to clients in the South American country.

Nov 3, 2022 at 9:13 p.m. UTC

Updated Nov 3, 2022 at 9:29 p.m. UTC

CDCROP: São Paulo, SP, Brasil bridge (Unsplash) — São Paulo, Brazil (Bruno Thethe/Unsplash)

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

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This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.

Zero Hash, which helps companies offer digital assets to their clients, opened operations in Brazil as the first step of its expansion into Latin America.

The company can now provide partners in Brazil custody, execution, settlement and liquidity solutions, said Zero Hash CEO Edward Woodford in a statement.

Following a $35 million funding round in January, Zero Hash established its Latin American headquarters in São Paulo, Brazil's most populous city. The company said it now has over 50 employees that support its regional operations.

“There is immense potential in the LatAm region and Zero Hash brings the deep domain expertise of powering crypto products for some of the major payment platforms worldwide,” said Fernando Velicka, head of growth at Zero Hash for Latin America.

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