Zerohash raises 104 million USD, achieving a valuation of 1 billion USD

The cryptocurrency and stablecoin infrastructure provider Zerohash has successfully raised 104 million USD in a Series D-2 round led by Interactive Brokers, with participation from major institutions such as Morgan Stanley, Apollo, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, IMC, and many other funds. The total capital raised by the company has now reached 275 million USD.

With new funding, Zerohash aims to expand its products, develop its personnel, and move towards becoming the "AWS of on-chain infrastructure," according to CEO and founder Edward Woodford.

Notably, this funding round marks the first investments in crypto and stablecoins by many large financial institutions, reflecting the increasing demand for on-chain solutions at the enterprise scale.

Founded in 2017, Zerohash provides APIs and embedded development tools that allow financial institutions and fintech companies to deploy services related to cryptocurrency, stablecoin, and tokenization. The company's platform currently supports solutions for Interactive Brokers, Stripe, BlackRock’s BUIDL, Franklin Templeton, and DraftKings, serving over 5 million users in 190 countries.