Zerohash Secures $104 Million Series D Funding at $1 Billion Valuation
Zerohash’s $104 million Series D-2 funding round, led by Interactive Brokers and backed by major financial institutions, boosts its valuation to $1 billion, signaling growing institutional interest in blockchain infrastructure.
Zerohash, a crypto infrastructure provider, secured $104 million in a Series D-2 funding round, bringing its valuation to $1 billion. Led by Interactive Brokers, with participation from Morgan Stanley, Apollo, SoFi, and others, the round brings the company's total funding to $275 million. Zerohash will use the funds for product expansion and talent acquisition, aiming to become the ‘AWS of on-chain infrastructure’ and cater to the growing demand for enterprise-grade blockchain solutions. The company serves major clients, including Interactive Brokers, Stripe, and BlackRock’s BUIDL fund.
- Stablecoin: A cryptocurrency pegged to a stable asset like the US dollar, designed to minimize price volatility.
- Tokenization: The process of converting assets into digital tokens on a blockchain, enabling fractional ownership and easier transfer.
- Series D Funding: A later-stage investment round for companies seeking significant capital to scale operations, expand markets, or prepare for IPO.