Crypto Infrastructure Firm Zerohash Raises $104M in 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 the company to a $1 billion valuation. The investment marks the first crypto foray for several institutional heavyweights, including Morgan Stanley, Apollo-managed funds, and SoFi, signaling accelerating demand for on-chain financial solutions.

The fresh capital brings ZeroHash's total funding to $275 million, earmarked for product expansion and talent acquisition as the firm positions itself as "the AWS of on-chain infrastructure." Since its 2017 founding, ZeroHash has become the backbone for crypto offerings at major institutions like Stripe, BlackRock's BUIDL fund, and Franklin Templeton, serving over 5 million users globally.

This funding round underscores a pivotal shift: traditional finance is no longer dipping toes but diving headfirst into digital asset infrastructure. As tokenization and stablecoin adoption surge, enterprises are racing to secure the rails for this new financial paradigm.