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2h ago

Zerohash Hits $1 Billion Valuation With $104 Million Series D Led by Interactive Brokers

Major Wall Street participation reflects growing institutional demand under a friendlier U.S. crypto policy environment.

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Edward Woodford, founder and CEO of Zerohash.
Zerohash has announced new funding.

Overview

  • The Series D totals $104 million at a $1 billion valuation, with Interactive Brokers leading the investment.
  • Morgan Stanley, Apollo-managed funds, SoFi, and Jump Trading’s crypto arm participated, according to company statements.
  • Interactive Brokers already uses Zerohash for crypto trading and custody, and it will launch a stablecoin product with the firm.
  • Zerohash provides white-label infrastructure for crypto trading, stablecoin networks, and tokenization, including work associated with BlackRock’s tokenized funds and Stripe’s stablecoin payments.
  • The new funding marks a jump from an estimated $340 million valuation in 2022 as institutions re-engage with crypto; the CEO suggested further partner announcements are coming while some investors declined comment.