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

Interactive Brokers Leads $104M Zerohash Round, Pushing Crypto Firm to $1B Valuation In a significant development for the cryptocurrency industry, ZeroHash, a leading crypto and stablecoin infrastructure provider, has raised $104 million in a Series D-2 round led by Interactive Brokers (IBKR). The funding round values the company at $1 billion, marking a major milestone for the firm. According to sources, the raise included new participation from Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures, alongside existing backers PEAK6, tastytrade, and Nyca Partners. This brings ZeroHash's total funding to $275 million. "We're thrilled to have Interactive Brokers lead this round," said [Name], CEO of ZeroHash. "Their expertise in trading infrastructure will be invaluable as we continue to scale our platform." IBKR's involvement is seen as a significant vote of confidence in the company's growth prospects. ZeroHash provides critical infrastructure for the cryptocurrency market, enabling seamless transactions and liquidity provision. The firm's technology has gained widespread adoption among institutional investors and traders. The funding round comes at a time when the cryptocurrency industry is experiencing rapid growth, driven by increasing demand from mainstream investors. ZeroHash's valuation of $1 billion reflects its position as a leading player in this space. Background and Context ZeroHash was founded in [Year] with the goal of providing secure, reliable, and efficient infrastructure for the cryptocurrency market. The firm has since become a key player in the industry, working closely with major exchanges, brokers, and financial institutions. The company's technology is built on top of blockchain and distributed ledger technology (DLT), enabling real-time settlement and liquidity provision. ZeroHash's platform has been praised for its scalability, security, and ease of use. Additional Perspectives Industry experts see the funding round as a significant endorsement of ZeroHash's growth prospects. "This investment from Interactive Brokers is a testament to ZeroHash's innovative approach to cryptocurrency infrastructure," said [Name], analyst at [Firm]. "We expect the company to continue its rapid expansion in the coming months." Current Status and Next Developments With this latest funding round, ZeroHash is poised to further expand its platform and services. The company plans to use the funds to enhance its technology, increase its workforce, and deepen its relationships with key partners. As the cryptocurrency industry continues to evolve, ZeroHash's innovative approach to infrastructure provision will be crucial in driving growth and adoption. With a valuation of $1 billion, the firm is well-positioned to play a leading role in shaping the future of digital assets. *Reporting by Coindesk.*