Zero Hash to Become a Digital Currency Exchange Provider in Australia

Zero Hash Holdings, a digital asset services firm that enables neo-banks, broker-dealers and payment groups to offer digital asset offerings, has successfully registered to be a Digital Currency Exchange provider (DCE) in Australia.

The registration was granted by the Australian Transaction Reports and Analysis Center (AUSTRAC), the Australian government financial intelligence agency.

Zero Hash completed the registration under Zero Hash Australia Pty Limited, which is its subsidiary in the country.

The digital asset infrastructure provider announced the development on Thursday in an update posted on its website.

The registration means that Zero Hash Australia can provide its digital asset infrastructure services to Australian fintech companies to enable them to meet the crypto and digital asset needs of their customers.

Edward Woodford, the CEO and Founder of Zero Hash Holdings, noted that the registration is part of the company’s efforts to become the global digital asset infrastructure for every financial institution.

“This registration not only allows us to power thriving Australian fintech but also complements our footprint of licensing across the globe including the United States and Canada, that enables our global clients a one-stop solution to a global client base in digital assets,” Woodford explained.

Zero Hash Australia Gets Strategic Adviser

Meanwhile, Zero Hash said its Australian subsidiary has selected Claire Wivell Plater as a Non-Executive Director (NED) and Strategic Adviser.

Plater is a longstanding member of the Australian Securities and Exchange Commission’s Business Advisory Committee.

Commenting on her appointment, Plater said she was looking forward to contributing to the expansion of Zero Hash's business in the Asia Pacific region.

“Australia is a perfect market for Zero Hash, with estimates that about 29% of Australians already own at least one cryptocurrency,” Plater added.

Zero Hash recently raised $105 million from its Series D funding round.

The round saw participation from investors such as Point72 Ventures, a multi-stage global venture capital fund, NYCA Partners, a venture capital and advisory firm, and Bain Capital, a private investment firm based in Boston.