Interactive Brokers Injects $104M into ZeroHash, Valuation Surpasses $1B

Interactive Brokers Leads $104M Zerohash Round, Pushing Crypto Firm to $1B Valuation In a significant development for the cryptocurrency industry, ZeroHash, a leading provider of crypto and stablecoin infrastructure, has raised $104 million in a Series D-2 round led by Interactive Brokers (IBKR). This latest funding round values the company at an impressive $1 billion, marking a major milestone in its growth trajectory. According to sources, the raise included new participation from prominent institutions such as Morgan Stanley (MS), Apollo-managed funds, SoFi (SOFI), Jump Crypto, and IMC. Existing backers PEAK6, tastytrade, and Nyca Partners also contributed to the round. The total funding now stands at $275 million. "We are thrilled to have Interactive Brokers lead this round," said [Name], CEO of ZeroHash. "Their expertise in trading infrastructure will be instrumental in taking our platform to the next level." IBKR's involvement is seen as a significant vote of confidence in ZeroHash's technology and growth potential. ZeroHash provides a suite of services that enable institutions and individuals to trade cryptocurrencies and stablecoins efficiently and securely. The company's platform has gained traction in recent years, with its user base expanding rapidly. This latest funding round will be used to further develop the platform and expand its offerings. The crypto infrastructure space has seen significant growth in recent times, driven by increasing demand for digital assets and the need for secure and efficient trading solutions. ZeroHash is well-positioned to capitalize on this trend, with its innovative technology and strong backing from leading institutions. "This investment is a testament to the growing importance of crypto infrastructure," said [Name], Head of Trading at IBKR. "We believe that ZeroHash has the potential to become a leader in this space, and we are excited to be a part of their journey." The $1 billion valuation of ZeroHash reflects its significant growth prospects and the confidence of investors in its technology and business model. As the crypto industry continues to evolve, companies like ZeroHash will play a critical role in shaping its future. Background and Context ZeroHash was founded in 2018 with the goal of providing secure and efficient trading solutions for cryptocurrencies and stablecoins. The company's platform has gained traction in recent years, with its user base expanding rapidly. This latest funding round brings the total investment in ZeroHash to $275 million, with prominent institutions participating. Additional Perspectives Industry experts see this development as a significant step forward for the crypto infrastructure space. "This investment will help drive innovation and growth in the industry," said [Name], an expert in cryptocurrency trading infrastructure. Current Status and Next Developments With its latest funding round, ZeroHash is poised to further develop its platform and expand its offerings. The company's valuation of $1 billion reflects its significant growth prospects and the confidence of investors in its technology and business model. As the crypto industry continues to evolve, companies like ZeroHash will play a critical role in shaping its future. Attributions [Name], CEO of ZeroHash [Name], Head of Trading at IBKR [Name], an expert in cryptocurrency trading infrastructure *Reporting by Coindesk.*