Zero Hash
How Connamara Technologies Equipped Zero Hash’s Emerging Asset Platform Using EP3®
The Customer:
Zero Hash is a leading crypto and stablecoin infrastructure provider that seamlessly connects fiat, crypto, and stablecoins in one platform, enabling a better way to move and transfer money and value globally. Through its embeddable infrastructure, start-ups, enterprises, and Fortune 500 companies build a diverse range of use cases: cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets, and on and off-ramps. Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.
The Challenge:
Zero Hash sought a versatile and scalable exchange platform designed to meet the complex challenge of building an internal trading venue that would allow them to provide better liquidity and pricing to their customers and LPs.
Zero Hash leadership was aware of our reputation in developing technology for capital markets, but what set Connamara Technologies apart was that licensing EP3® could get their product to market faster than building in-house. That’s because Zero Hash’s product made use of the flexibility of our APIs and integrations.
The Solution:
Connamara Technologies implemented its EP3 exchange platform, equipped with essential exchange features and seamless API integrations. Key integrations included:
FIX Gateways: the industry standard FIX 5.0 API for order entry and market data
Market Surveillance: Eventus, a global provider of multi-asset class trade surveillance and market risk solutions
Risk Tools: RiskAPI development that allows them to inject their proprietary risk model, in addition to using the risk models in EP3
Solution Steps:
Initial engagement was conducted to pinpoint any functionality gaps for Zero Hash’s specific requirements. Our team gave Zero Hash access to our API system and documentation to test EP3 before they made a final decision.
Implementation: The EP3 platform was deployed on Zero Hash’s cloud infrastructure. Connamara Professional Services worked to close the functionality gaps identified during the Discovery process, tailoring EP3 to Zero Hash’s specific use case.
Soft Launch: Liquidity providers connected to EP3 using the EP3 FIX Gateways for testing. Shortly after, Zero Hash rolled out to a select group of customers.
Ongoing Development: Zero Hash and Connamara continue to extend EP3 in ways that continue to bridge the gap between legacy systems and digital assets
The Results:
Zero Hash has since expanded their global footprint while gaining industry recognition through numerous awards and partnerships with renowned companies such as Stripe, Interactive Brokers, Shift4, Tap, and Juno. Zero Hash has raised $165mm to date.
“The team at Connamara provides deep technical expertise and market knowledge that has helped Zero Hash scale critical aspects of our product offering to meet market demand. The digital asset space is constantly evolving, and Connamara’s ability to adapt and evolve has played a pivotal role in our success.” – Adam Leaman, Zero Hash Chief Client Officer and Founding Team Member.