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3h ago

Zerohash Hits $1 Billion Valuation on $104 Million Raise Led by Interactive Brokers

Strategic backing from major banks signals accelerating institutional adoption under a more supportive U.S. policy climate.

Crypto infrastructure firm zerohash raises $104m in round led by interactive brokers, morgan stanley
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Edward Woodford, founder and CEO of Zerohash.
Zerohash has announced new funding.

Overview

  • The Series D-2 brought in Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC and Liberty City Ventures alongside existing backers.
  • The financing lifts disclosed funding to about $275 million and follows a 2022 round at roughly a $340 million valuation.
  • Interactive Brokers already uses the platform for crypto trading and custody and is set to launch a stablecoin product with the firm.
  • Zerohash supplies white-label brokerage, stablecoin rails and tokenization APIs used by clients such as Stripe and BlackRock’s BUIDL fund, with roughly 200 employees supporting growth.
  • The company cites a compliance footprint including FinCEN registration and NYDFS virtual currency licenses as it plans to expand products and hiring, and the CEO signaled more client-investor integrations could be announced.