ZeroHash Secures $104 Million in Series D-2 Funding

ZeroHash, a provider of crypto and stablecoin infrastructure, has successfully raised $104 million in a Series D-2 funding round led by Interactive Brokers (IBKR), bringing the company’s valuation to $1 billion.

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New and Existing Investors Join the Round

This funding round saw participation from notable new investors such as Morgan Stanley (MS), Apollo-managed funds, SoFi (SOFI), Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. Existing backers, including PEAK6, tastytrade, and Nyca Partners, also contributed, as indicated in a press release issued on Tuesday.

The newly raised capital boosts ZeroHash’s total funding to $275 million and will support its initiatives to expand product offerings, grow talent, and pursue its goal of becoming “the AWS of on-chain infrastructure,” as stated by CEO and founder Edward Woodford in the release.

Implications for the Crypto Market

This funding marks the first crypto and stablecoin investments for numerous significant players, highlighting the increasing interest from financial institutions to develop scalable on-chain solutions.

Founded in 2017, ZeroHash offers APIs and embeddable developer tools for financial institutions and fintechs.
The platform supports crypto, stablecoin, and tokenization product offerings.
ZeroHash currently powers services for firms like Interactive Brokers, Stripe, BlackRock’s BUIDL fund, Franklin Templeton, and DraftKings, catering to over 5 million users across 190 countries.

The fundraising arrives alongside a growing demand for enterprise-grade crypto infrastructure, as more financial institutions look to provide tokenized assets, stablecoins, and on-chain settlement solutions at scale.