Crypto and stablecoin infrastructure provider ZeroHash has secured $104 million in a Series D-2 funding round, reaching a valuation of $1 billion. The round was led by Interactive Brokers (IBKR), signaling increasing interest from traditional financial institutions in crypto-native services.
The funding round saw new participation from a host of major financial firms, including Morgan Stanley, Apollo-managed funds, and SoFi. Other new investors include Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. Existing backers like PEAK6, tastytrade, and Nyca Partners also contributed to the raise.
This infusion of capital brings ZeroHash’s total funding to $275 million. According to founder and CEO Edward Woodford, the funds will be used for product development, talent acquisition, and to support the company’s goal of becoming “the AWS of on-chain infrastructure.”
ZeroHash, founded in 2017, offers APIs and developer tools that allow financial institutions and fintechs to integrate crypto, stablecoins, and tokenization products. The company’s platform already powers solutions for major clients, including Interactive Brokers, Stripe, BlackRock’s BUIDL fund, Franklin Templeton, and DraftKings. Its services currently reach over 5 million users across 190 countries.
This funding round highlights a growing trend of traditional financial institutions seeking robust, enterprise-grade crypto infrastructure. The participation of firms like Morgan Stanley and Apollo indicates a strong institutional demand for on-chain solutions, including tokenized assets and stablecoin settlement at scale.
