Interactive Brokers Leads $104M Funding Round for Crypto Startup Zerohash

Interactive Brokers has spearheaded a $104 million Series D investment in Zerohash, propelling the crypto infrastructure firm to a $1 billion valuation. The move signals deepening institutional engagement with digital assets as traditional finance accelerates its crypto ambitions.

Morgan Stanley, SoFi, and Apollo-backed funds joined the round. Zerohash currently provides crypto trading and custody solutions to Interactive Brokers, with plans to collaborate on a stablecoin product. The funding arrives amid shifting U.S. regulatory winds under the TRUMP administration, contrasting sharply with previous SEC leadership.

Financial heavyweights are repositioning for crypto adoption. SoFi plans to relaunch digital asset trading, while Morgan Stanley prepares to offer crypto services through its E-Trade division using Zerohash's infrastructure. Founded in 2017, the startup enables institutions to deploy crypto trading, stablecoin, and tokenization products.