Zerohash Raises $104M Led by Interactive Brokers, Reaches $1B Valuation
ZeroHash, a provider of crypto and stablecoin infrastructure, raised $104 million in a Series D-2 round led by Interactive Brokers, valuing the company at $1 billion.
- New investors include Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures.
- Existing investors such as PEAK6, tastytrade, and Nyca Partners also participated.
The funding brings ZeroHash's total capital to $275 million, aimed at product expansion and talent growth. The company aspires to be "the AWS of on-chain infrastructure," according to CEO Edward Woodford.
- The raise signals increased interest from financial institutions in developing scalable on-chain solutions.
- Founded in 2017, ZeroHash offers APIs and developer tools for financial institutions to provide crypto and tokenization products.
- The platform supports services for companies like Interactive Brokers, Stripe, BlackRock’s BUIDL fund, Franklin Templeton, and DraftKings, reaching over 5 million users worldwide.
The investment reflects growing demand for enterprise-grade crypto infrastructure as more institutions offer tokenized assets and on-chain settlements.