ZeroHash, a notable player in the crypto and stablecoin infrastructure sector, has successfully secured $104 million in a Series D-2 funding round, spearheaded by Interactive Brokers (IBKR). This recent capital infusion elevates the company’s valuation to an impressive $1 billion.
The funding round saw the involvement of several prominent financial entities, including Morgan Stanley, Apollo-managed funds, SoFi, and Jump Crypto, among others. Existing investors such as PEAK6, tastytrade, and Nyca Partners also contributed, demonstrating a strong backing from both new and seasoned stakeholders.
With this latest capital raise, ZeroHash’s total funding now stands at $275 million. The company’s CEO and founder, Edward Woodford, expressed ambitions to leverage these funds to drive product innovation, expand its talent pool, and solidify its goal of becoming “the AWS of on-chain infrastructure.”
This funding round is significant not only for ZeroHash but also for the broader financial landscape, as it marks the first investment into crypto and stablecoin ventures for several participating institutions. This trend highlights an increasing interest from traditional finance towards robust on-chain solutions.
Established in 2017, ZeroHash offers a suite of APIs and developer tools that empower financial institutions and fintech companies to integrate crypto, stablecoin, and tokenization capabilities into their services. Its platform has already facilitated sophisticated solutions for high-profile clients such as Interactive Brokers, Stripe, and DraftKings, currently serving over 5 million users across 190 countries.
The timing of this fundraising aligns with a growing demand for enterprise-grade crypto infrastructures, as more financial institutions are seeking to embrace the benefits of tokenized assets and on-chain settlement solutions. This trend reflects a shift in the financial industry, where traditional firms are increasingly looking to innovate and adapt in the evolving landscape of digital finance.
As ZeroHash moves forward with its growth strategy, the implications of this funding are broad. It signals a readiness among traditional finance players to engage more deeply with blockchain technology and the digital economy, paving the way for more comprehensive and integrated solutions in the future.
In summary, the recent investment led by Interactive Brokers not only marks a pivotal moment for ZeroHash but also indicates a significant move toward the institutional adoption of crypto infrastructure. As financial incumbents continue to explore blockchain opportunities, companies like ZeroHash are well-positioned to lead the charge in this rapidly evolving market.
