Prime Highlights:
- Zerohash raised $104 million in a Series D round, led by Interactive Brokers with backing from Morgan Stanley, SoFi, and Apollo.
- The company is now valued at $1 billion, showing its strong growth and importance in the financial industry.
Key Facts:
- Founded in 2017, Zerohash helps banks and fintech firms offer blockchain services.
- Its main services include crypto trading, stablecoins, and tokenization.
Key Background:
Zerohash, a crypto infrastructure company, has raised $104 million in a Series D round led by Interactive Brokers, with backing from Morgan Stanley, SoFi, and Apollo. The funding values the company at $1 billion, showing its fast growth and stronger role in the financial industry.
Founded in 2017, the company helps banks and fintechs offer blockchain services such as crypto trading, stablecoins, and tokenization. Through its functions as the technology backbone, Zerohash enables traditional financial institutions to implement digital asset solutions without developing the infrastructure.
CEO and founder Edward Woodford highlighted the importance of securing backing from established financial institutions. “We wanted to rise from the largest, most trusted brands in the world and have that be the bridge into this new technology,” he said in an interview.
The investment also reflects a broader shift in the U.S. regulatory environment. Since President Donald Trump took office, the U.S. government has taken a friendlier approach to cryptocurrencies, moving away from the tougher rules seen under former SEC Chair Gary Gensler. This change has prompted large financial institutions to rethink their digital asset plans. An example of such an announcement is SoFi CEO Anthony Noto, who recently stated that his company was ready to re-enter the crypto trading business under the new conditions.
Interactive Brokers already uses Zerohash for crypto trading and custody solutions, and the two firms are set to roll out a stablecoin product together. While Woodford did not confirm whether Morgan Stanley or SoFi is currently a client, he hinted at upcoming announcements. “These groups aren’t VCs,” he added. “You can assume there’s obviously a couple of announcements coming down the road with these other investors.”
With this fresh capital, Zerohash aims to accelerate adoption across all three of its core service areas and expand partnerships with both existing and new clients. The latest funding solidifies its role as a key enabler of crypto infrastructure at a time when mainstream finance is increasingly embracing blockchain technology.
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