Zerocap
Zerocap is an Australian-headquartered digital asset firm founded in 2017 providing OTC crypto and FX spot and derivatives trading, Lloyd's-insured MPC custody, market making, and structured products to institutional investors, family offices, hedge funds, exchanges, and payment companies globally, with T+0 settlement across 300+ digital assets.
- Company typePrivate
- Founded2017
- HeadquartersMelbourne, Australia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Zerocap does
Zerocap Pty Ltd is an Australian-headquartered digital asset investment firm founded in Melbourne in 2017 that operates as a wholesale sell-side flow desk, providing crypto and FX spot and derivatives trading, market making, digital asset custody, staking infrastructure, and structured products to institutional investors, family offices, hedge funds, exchanges, and payment companies globally. Its core technology stack comprises an institutional trading portal and OTC desk accessible via chat, GUI, and REST/WebSocket API, supporting more than 300 digital assets with T+0 same-day settlement in major fiat currencies. Custody is delivered through Multi-Party Computation (MPC) technology and Fireblocks integration, uniquely backed by Lloyd's of London insurance.
The platform's product breadth has expanded materially since 2021 beyond vanilla spot OTC trading to include structured products (vanilla options, forwards), derivatives, market making for exchange order books, and a growing roster of specialized offerings: a BTC-to-IBIT swap enabling transition from native Bitcoin to iShares Bitcoin Trust shares, a tokenized gold OTC desk for PAXG and XAUT, AI-infrastructure token trading with native staking, and end-to-end tokenized Australian Government bond infrastructure demonstrated through the Reserve Bank of Australia's Project Acacia pilot. The firm is registered with AUSTRAC as a Digital Currency Exchange provider and is a Corporate Authorised Representative of an AFSL holder, enabling regulated structured product and fund distribution to Australian wholesale clients.
Zerocap's business model is transaction-fee-driven across OTC spot and derivatives execution, supplemented by managed-service revenue from custody and staking. Distribution is exclusively direct-sales with white-glove relationship management, supported by content marketing through a Weekly Crypto Market Wrap, Research Lab, and active thought leadership. Strategic institutional backing includes a 2021 investment from Victor Smorgon Group, founding-partner status in the Fireblocks Custody Network, and tier-one infrastructure relationships with ANZ Bank, Singapore Gulf Bank, BitGo, Ripple, and CoinDesk Indices, positioning the firm at the intersection of regulated Australian finance and tokenized real-world asset markets.
Zerocap firmographics
Firmographics- Name
- Zerocap
- Legal name
- Zerocap Pty Ltd
- Website
- https://zerocap.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Zerocap is an Australian-headquartered digital asset firm founded in 2017 providing OTC crypto and FX spot and derivatives trading, Lloyd's-insured MPC custody, market making, and structured products to institutional investors, family offices, hedge funds, exchanges, and payment companies globally, with T+0 settlement across 300+ digital assets.
- Ownership category
- akta.pro rank
Zerocap industry classification
Industry- Product category
- Institutional Digital Asset Trading & Custody
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- OTC Spot Trading & Block Execution (FSADAJAB)
- akta.pro secondary industries
- OTC Desks & Block Trading Networks (FSAPADAH), DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)
Keywords
Where Zerocap is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Zerocap business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- OTC Spot Trading: Over the counter crypto trading providing liquidity via chat, GUI or API for spot crypto assets. Delivers same-day settlement in major fiat currencies across over 300 digital assets.
- Derivatives Trading: Principal dealing across vanilla options, forwards and structured products for wholesale investors. Zerocap does not make a market in OTC derivatives.
- Market Making & Liquidity Services: Tighter pricing and enhanced depth for order books on exchanges, providing crypto rails for institutional clients via API liquidity.
- Digital Asset Custody: Secure digital asset storage infrastructure for institutional clients, backed by Lloyd's insurance. Founding partner of Fireblocks Custody Network supporting all on-chain digital assets.
- Staking Services: Supporting blockchain networks with efficient and secure infrastructure. Not offered to clients in Australia.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Zerocap product offering
Product offeringCore offering
Zerocap is a sell-side institutional digital asset flow desk providing OTC spot trading across 300+ digital assets, crypto derivatives (options, forwards, structured products), market making and liquidity provision via API, and insured digital asset custody backed by Lloyd's of London through the Fireblocks Custody Network. Services are delivered to wholesale/institutional clients only — family offices, hedge funds, exchanges, payment companies, and digital asset funds — via chat, GUI trading portal, or REST/WebSocket API, with T+0 same-day fiat settlement.
Product overview
Zerocap is a market-leading digital asset investment firm providing a comprehensive platform for crypto and FX spot and derivatives trading to forward-thinking investors and institutions globally. The platform operates on a unified architecture combining an institutional trading portal with OTC desk services, derivatives offerings, market making & liquidity services, digital asset custody (via Fireblocks partnership), and staking infrastructure. Key products include: OTC Crypto Trading for 300+ digital assets with T+0 settlement; Crypto Derivatives (vanilla options, forwards, structured products); Market Making & Liquidity via API; Digital Asset Custody backed by Lloyd's insurance; the BTC to IBIT Swap for ETF wrapper transitions; Tokenized Gold Trading for PAXG and XAUT; AI Tokens Trading (TAO, RENDER, FET, GRASS); and Tokenized Bond Infrastructure for RWA tokenisation. The platform also provides research content through Weekly Crypto Market Wrap, Research Lab, and Snippets. All regulated services are available to wholesale clients only.
Differentiator
Problem solved
Functional benefit
Products and services
- OTC Crypto Trading Over-the-counter spot crypto trading desk providing same-day (T+0) settlement in major fiat currencies across 300+ digital assets, with firm pricing and algorithmic execution (TWAP, VWAP). Available via chat, GUI trading portal, or REST/WebSocket API to wholesale institutional clients, family offices, exchanges, hedge funds, and qualified individuals.
- Crypto Derivatives Principal dealing in vanilla options, forwards, and structured products on crypto assets for wholesale investors. Zerocap does not make a market in OTC derivatives.
- Market Making & Liquidity API-delivered market-making and liquidity provision providing tighter pricing and enhanced order-book depth for exchanges and institutional clients seeking crypto liquidity rails.
- Digital Asset Custody Institutional-grade digital-asset custody supporting all on-chain digital assets, secured by MPC technology, backed by Lloyd's of London insurance, and delivered as a founding partner of the Fireblocks Custody Network.
- Institutional Trading Portal Proprietary GUI trading portal offering streaming pricing or RFQ chat for major cryptocurrencies, stablecoins, altcoins and fiat currencies, with portfolio management, MPC-secured asset storage, and expert market insights.
- BTC to IBIT Swap Structured OTC product allowing investors to swap physical Bitcoin (BTC) for iShares Bitcoin Trust (IBIT) shares, transitioning from native crypto exposure into a regulated ETF wrapper without exiting the market position.
- Tokenized Gold OTC Trading Institutional OTC desk for tokenized gold — PAX Gold (PAXG) and Tether Gold (XAUT) — providing portfolio diversification and inflation hedging with 24/7 liquidity and near-instant settlement.
- AI Tokens Trading OTC spot execution, native staking, and call-overwriting strategies for AI infrastructure tokens including TAO, RENDER, FET, GRASS, VVV, and NEAR, available to wholesale investors.
- Tokenized Bond Infrastructure End-to-end tokenised-asset structuring capabilities for wholesale clients, covering issuance, secondary trading, redemption, and stablecoin settlement of tokenised bonds on blockchain infrastructure, demonstrated through RBA Project Acacia.
- CoinDesk 20 Structured Product Series Australia's first structured product series on the CoinDesk 20 Index, bringing institutional crypto structured products to the Australian wholesale market in partnership with CoinDesk Indices.
- Wholesale Bitcoin Fund Zerocap's first wholesale Bitcoin fund, structured for wholesale investors and offered alongside its OTC trading and custody services.
Quantifiable outcome
- T+0 same day settlement in major fiat currencies
- +2 more outcomes
Companies that use Zerocap
Customer profileNamed customers1 record
Segments6 records
Ideal customer profiles6 records
Zerocap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature5 records
Zerocap partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and flagship.
- Singapore Gulf BankcoreZerocap integrated Singapore Gulf Bank's (SGB) real-time settlement network, SGB Net, into its global OTC infrastructure. This enables same-day USD settlement during Asia hours directly into Asian banking infrastructure without relying on US banking hours, solving institutional fiat settlement challenges.
- Reserve Bank of AustraliaflagshipZerocap participated in Project Acacia, a landmark RBA-led pilot in collaboration with DFCRC, exploring tokenised financial markets in Australia. Zerocap demonstrated end-to-end tokenised Australian Government bond lifecycle on Ripple's DEX, covering issuance, secondary trading, redemption, and stablecoin settlement.
- Digital Finance Cooperative Research CentreflagshipDFCRC partnered with RBA and industry participants including Zerocap for Project Acacia, exploring tokenisation and digital asset infrastructure for Australian capital markets.
- RipplecoreZerocap worked closely with Ripple's decentralised exchange (DEX) to demonstrate tokenised bond workflows including issuance, secondary trading, redemption, and stablecoin settlement on blockchain infrastructure.
- BitGocoreZerocap partnered with BitGo to deliver secure, real-time trading and custody infrastructure for institutions, enhancing institutional-grade digital asset services.
- CoinDesk IndicescoreZerocap and CoinDesk Indices partnered to launch Australia's first structured product series on the CoinDesk 20 Index, bringing institutional crypto structured products to the Australian market.
- FireblocksflagshipZerocap partnered with Fireblocks as one of the first to join their Global Custodian Partner Program. Zerocap is Fireblocks' first Australian client (since 2020) and founding partner of Fireblocks Custody Network. The partnership provides secure digital asset storage and liquidity for institutional clients through Fireblocks' platform.
- ANZ BankcoreZerocap partnered with ANZ Bank and Beta Carbon in June 2022 to enable trading of tokenized Australian carbon credits. This partnership integrated Zerocap into traditional banking infrastructure for carbon credit tokenization, positioning the firm at the intersection of digital assets and sustainability markets.
- Beta CarboncorePartnership with Beta Carbon to enable trading of tokenized Australian carbon credits alongside ANZ Bank. Beta Carbon provides carbon credit tokenization infrastructure.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Zerocap competitors and assessment
Company assessmentDirect peers
- FalconX: Institutional digital asset prime broker offering OTC trading, derivatives, custody, and credit to hedge funds, asset managers, and corporates. Highly comparable to Zerocap's sell-side institutional flow model, though at significantly larger scale and global breadth.
- Cumberland Global (DRW): Global principal crypto market maker and OTC desk operating across spot and derivatives, serving institutional counterparties. Direct competitor in institutional crypto flow, differentiated by principal balance-sheet capacity and a true market-making model Zerocap explicitly disclaims.
- B2C2: Institutional crypto liquidity provider and OTC desk with 24/7 pricing across spot and derivatives. Closest functional analogue to Zerocap's chat/GUI/API execution model, though with deeper principal liquidity and a more global institutional client base.
- Wintermute: Leading crypto-native market maker and OTC liquidity provider across CeFi and DeFi venues. Competes with Zerocap in OTC spot and derivatives flow and operates a true principal market-making model that Zerocap explicitly does not run.
- Kraken OTC: Institutional OTC desk of Kraken, one of the longest-standing crypto exchanges, offering deep liquidity and block trading to institutional clients. Direct competitor in institutional spot OTC flow with materially larger liquidity pools.
- BlockFills: Institutional digital asset liquidity platform providing OTC spot and derivatives trading, lending, and custody. Comparable in product mix and institutional focus to Zerocap, though with a North American operating base and broader market-maker footprint.
Broad incumbents
- Galaxy Digital: Diversified crypto financial services firm spanning trading, asset management, mining, and venture. Overlaps with Zerocap's institutional trading, derivatives, and custody offerings but as part of a much larger, public-company platform.
Others
- Coinbase Prime: Institutional arm of Coinbase offering OTC trading, custody, and prime brokerage to hedge funds and asset managers. Direct overlap with Zerocap's institutional OTC, custody, and market-making services, scaled by the broader Coinbase platform.
Regional players
- OSL: Asia-headquartered digital asset platform offering institutional brokerage, custody, and SaaS, with licensed entities in Hong Kong and Singapore. Closest geographic peer to Zerocap in Asia-Pacific institutional crypto, with overlapping OTC and custody offerings.
- Independent Reserve: Australia's largest locally-headquartered digital asset exchange serving retail and institutional clients with OTC and custody services. Domestic Australian peer with overlapping institutional OTC and custody offerings, though with a different scale and target mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Zerocap social profiles
Digital presenceZerocap compliance and trust
Trust signalCompliance4 records
Zerocap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zerocap leadership team
Management profileNumber of profiles
Profiles7 records
Zerocap funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zerocap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zerocap
What does Zerocap do?
Zerocap is a sell-side institutional digital asset flow desk providing OTC spot trading across 300+ digital assets, crypto derivatives (options, forwards, structured products), market making and liquidity provision via API, and insured digital asset custody backed by Lloyd's of London through the Fireblocks Custody Network. Services are delivered to wholesale/institutional clients only — family offices, hedge funds, exchanges, payment companies, and digital asset funds — via chat, GUI trading portal, or REST/WebSocket API, with T+0 same-day fiat settlement.
Is Zerocap a public or private company?
Zerocap is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Zerocap founded?
Zerocap was founded in 2017. It employs 101 to 250 people.
Where is Zerocap based?
Zerocap is headquartered in Melbourne, Australia, in the Oceania region.
How does Zerocap make money?
Five revenue lines are on record. OTC Spot Trading is the primary driver. The others are derivatives Trading, market Making & Liquidity Services, digital Asset Custody and staking Services.
Who are Zerocap's main competitors?
Direct peers on record are FalconX, Cumberland Global (DRW), B2C2, Wintermute, Kraken OTC and BlockFills. Galaxy Digital is listed as a broad incumbent. Coinbase Prime is listed as an others. Regional players are OSL and Independent Reserve.
Does Zerocap have an API?
Yes. Zerocap offers API integration for institutional clients enabling REST and Websockets for efficient RFQ (Request for Quote) and real-time streaming. The API provides direct market access for building institutional liquidity into client platforms and workflows. Available via their trading portal for crypto and FX spot trading. Developer documentation is at Not specified.
What industry is Zerocap in?
Zerocap's product category is Institutional Digital Asset Trading & Custody. Its primary akta.pro industry code is FSADAJAB, OTC Spot Trading & Block Execution, with a secondary code of FSAPADAH, OTC Desks & Block Trading Networks. Its NAICS code is 523210 and its SIC code is 6200.