Zodia Markets, a digital asset platform focused on enabling institutional capital through stablecoins, has secured $18.25 million in its Series A funding round. The fundraising effort was led by Pharsalus Capital, a venture capital firm based in New York, and included participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and other strategic investors.
Founded in 2021 by Usman Ahmad and Nick Philpott, Zodia Markets has received support since its inception from SC Ventures—the innovation unit of Standard Chartered Bank—and OSL Group, a major digital asset company in Asia. The company offers services that combine wholesale finance with the continuous performance of digital assets and is recognized for its work in stablecoin-enabled transactions across multiple currencies and regions.
Usman Ahmad, Co-Founder and CEO of Zodia Markets, said: “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. 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. 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.”
The company currently supports over 20 fiat currencies and more than 70 digital assets—including both USD- and non-USD-denominated stablecoins. With this new investment, Zodia Markets plans to expand geographically and further develop its stablecoin-based payment orchestration capabilities. Additional products aimed at institutional trading will also be introduced to facilitate cross-border payments using stablecoins.
For more information about Zodia Markets and institutional trading solutions, please visit Zodia Markets.