Crypto

Zodia Markets receives backing from Circle Ventures in $18m funding round

The series A round was led by New York-headquartered Pharsalus Capital

Usman Ahmad co-founded Zodia Markets in 2021 Christopher Pike/Bloomberg via Getty Images
Usman Ahmad co-founded Zodia Markets in 2021 Christopher Pike/Bloomberg via Getty Images

Standard Chartered-backed digital asset platform Zodia Markets has raised $18.25m in its series A funding round amid a surge in institutional demand for crypto.

The funding round was led by Pharsalus Capital, a New York-headquartered venture capital firm, with participation from Circle Ventures, The Operating Group, XVC Tech, Token BayCapital, Human Capital and other strategic investors.

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