Zodia Markets received $18.25 million in investments.
The Series A funding round was led by the venture capital firm Pharsalus Capital
Among the investors are Circle Ventures, XVC Tech, Token Bay Capital, and others
The platform plans to expand its geography and infrastructure for settlements in stablecoins.
Zodia Markets — a digital asset platform focused on institutional clients — announced the raising of $18.25 million in a Series A funding round.
The round was led by the venture capital firm Pharsalus Capital with participation from #Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and several strategic partners.
The raised funds will allow the company to expand its presence in new markets, enhance payment infrastructure based on stablecoins, and launch new trading services for institutional clients engaged in cross-border operations.
CEO Usman Ahmad noted that the funding confirms the strategic vision of the team:
“Institutional capital should not depend on banking hours or manual processing. Our approach allows us to rethink traditional currency flows by using stablecoins for real-time settlements,” noted Ahmad.
The press release states that Zodia Markets supports over 20 fiat currencies and more than 70 digital assets, including stablecoins in US dollars and other currencies.
