Zerohash launches wallet transfer service as trust charter review continues

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Zerohash launches wallet transfer service

Highlights

Zerohash launched AUTH at Money20/20 in Las Vegas, enabling users to transfer crypto assets between 639 wallets and four exchanges, including Coinbase, Robinhood, and Gemini.
AUTH streamlines crypto movement by allowing transactions without manual address input or chain selection, significantly reducing operational complexity for retail-focused platforms.
Zerohash's U.S. regulatory ambitions continue as its refiled national trust bank charter application remains pending following July's administrative rejection by the OCC.

Product rollout targets simpler crypto movement

As reported by CoinDesk, Zerohash launched AUTH at the Money20/20 conference in Las Vegas as a service that lets users move crypto between linked accounts without copying wallet addresses or selecting a blockchain network. The company said the tool allows users to connect exchange accounts or self-custody wallets inside apps that offer AUTH, with routing and settlement handled in the background.

Ryan Beaudry, general manager of AUTH, said broader adoption depends on users no longer needing to think about the underlying technology. According to Zerohash, AUTH supports crypto, stablecoins and blockchain-based securities such as stock tokens, and the service works with more than 600 connections including Coinbase, Robinhood, Gemini, MetaMask and Phantom.

Zerohash's developer documentation lists support for 639 wallets and four exchange or brokerage accounts. Coinbase, Robinhood and Gemini are live, while Kraken remains in beta.

Regulatory push and market implications

The company said the new service is designed to cut the number of steps required to move funds. To complete a transaction, users choose an account or wallet within a participating app, sign in and approve the transfer, while the app determines which assets, accounts and transfer types are available.

Alex LaPrade, CEO of a non-custodial Ethereum and multi-chain crypto wallet, said transfers to wallets have previously required repeated address checks and test payments, making them a major source of friction that AUTH aims to reduce. If widely adopted, the product could help lower operational complexity for platforms trying to offer simpler onchain payments and asset transfers to retail users.

The launch also comes as Zerohash seeks broader regulatory standing in the U.S. In July, the Office of the Comptroller of the Currency returned the firm's application for a national trust bank charter after finding the filing materially deficient; Zerohash described that move as an administrative process and refiled a narrower application on Aug. 18, which is still pending.

Founded in 2017, Zerohash says it has a regulatory presence across the EU, Latin America, Bermuda and the U.S., and operates regulated entities in 51 U.S. jurisdictions. The company was also in acquisition talks with Mastercard earlier this year, though those discussions did not result in a deal; at the time, it was reportedly seeking to raise $250 million at a $1.5 billion valuation.

Our earlier article on SEON’s expansion in the Philippines outlined how the fraud-prevention provider is targeting faster growth in digital payments and remittances by moving beyond fintech clients into traditional banks, remittance firms, and commerce. It also explained that SEON is leaning on its partnership with Exist Software Labs to tap local market data and relationships as tighter regulatory requirements increase demand for stronger risk controls.

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