Crypto Infrastructure Firm ZeroHash Raises $104M in Series D-2 Round Led by Interactive Brokers, Morgan Stanley

ZeroHash, a crypto and stablecoin infrastructure provider, has secured $104 million in a Series D-2 funding round led by Interactive Brokers, propelling its valuation to $1 billion. The investment marks a significant milestone for the firm, which aims to become the "AWS of on-chain infrastructure."

New participants in the round include Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, and Northwestern Mutual Future Ventures, among others. Existing backers such as PEAK6 and Nyca Partners also doubled down. The fresh capital brings ZeroHash's total funding to $275 million, earmarked for product expansion and talent acquisition.

The fundraising underscores growing institutional demand for enterprise-grade crypto solutions. ZeroHash's APIs and developer tools already power offerings for Interactive Brokers, Stripe, and BlackRock’s BUIDL fund, serving over 5 million users globally.