Funds Raised by Zodia Markets Reach $18.25 Million
Zodia Markets, a digital asset platform that combines wholesale finance with the always-on performance of digital assets, has secured a $18.25 million Series A funding round. Led by Pharsalus Capital, the investment will help Zodia Markets scale internationally and evolve its stablecoin-enabled FX and payment solutions for institutional clients.
Founded in 2021 by Usman Ahmad and Nick Philpott, Zodia Markets has been backed from inception by SC Ventures, the innovation unit of Standard Chartered Bank, and OSL Group, Asia's leading digital asset company. The firm has established itself as one of the leading innovators in stablecoin-enabled flows, aiming to reimagine the movement of money by reengineering traditional foreign exchange capital flows with real-time stablecoin settlement across borders.
With the new funding, Zodia Markets plans to expand geographically and build additional institutional products for cross-border stablecoin payments. The investment will also aid in the enhancement of stablecoin-based payment orchestration capabilities at Zodia Markets.
"We are thrilled to have the support of globally respected investors in our strategy, vision, and execution," said Usman Ahmad, Co-Founder and CEO of Zodia Markets. "This funding round will enable us to accelerate our international growth and further develop our stablecoin payment orchestration solutions for institutional clients."
The funding round was participated by Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and other strategic investors. The investment reflects the continued support for Zodia Markets' strategy and vision from these globally respected investors.
Zodia Markets' unique heritage positions it to lead the next era of finance. The firm currently supports over 20 fiat currencies and more than 70 digital assets, including USD and non-USD stablecoins. The Series A capital will enable the company to expand geographically and build additional institutional products for cross-border stablecoin payments.
The funding round was led by Pharsalus Capital, a New York head-quartered venture capital firm. With this investment, Zodia Markets aims to redefine wholesale capital movement and usher in a future era of finance with its stablecoin-enabled FX and payment solutions.
References:
[1] Zodia Markets. (2025, July). Press Release: Zodia Markets Secures $18.25 Million Series A Funding Led by Pharsalus Capital. Retrieved from https://www.zodiamarkets.com/press-releases/zodia-markets-secures-18-25-million-series-a-funding-led-by-pharsalus-capital
[2] Coindesk. (2025, July). Zodia Markets Raises $18.25 Million in Series A Funding. Retrieved from https://www.coindesk.com/business/2025/07/22/zodia-markets-raises-18-25-million-in-series-a-funding/
[3] Fintech Futures. (2025, July). Zodia Markets raises $18.25m Series A funding to enhance stablecoin payment orchestration capabilities. Retrieved from https://fintechfutures.com/2025/07/zodia-markets-raises-18-25m-series-a-funding-to-enhance-stablecoin-payment-orchestration-capabilities/
Digital assets and finance intersect at Zodia Markets, as the digital asset platform secures $18.25 million series A funding to enhance its stablecoin-based payment orchestration capabilities. This technology-driven investment will aid in building additional institutional products for cross-border stablecoin payments and expanding geographically.
