zerohash, a player in the crypto and stablecoin infrastructure sector, has announced a significant new round of funding, raising $104 million in its Series D-2 financing. This investment was led by Interactive Brokers, one of the world’s largest brokerage firms, which several other well-known institutional investors joined. The round saw participation from major financial institutions including Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. Additionally, existing investors such as PEAK6, tastytrade, and Nyca Partners also contributed, showing continued confidence in the company’s growth prospects.
This latest funding brings zerohash’s total capital raised to approximately $275 million. The company plans to use the new funds to accelerate product development, expand its team, and reinforce its position as a key provider of on-chain infrastructure. zerohash has been operational since 2017, and it has established itself as one of the industry’s longstanding players. Its core mission revolves around enabling businesses to easily access crypto, stablecoin, and tokenization solutions while complying with relevant regulations.
zerohash achieves its goals by delivering regulatory-compliant infrastructure that can be seamlessly integrated into various applications, platforms, and digital wallets. The company’s application programming interface and development kits allow innovators to launch a wide range of solutions. These include trading platforms, cross-border payments, commerce, remittances, payroll systems, and tokenization projects. To date, zerohash has supported over five million users across 190 countries, highlighting its widespread adoption.
Notable clients include some of the largest and most innovative international companies, such as Interactive Brokers, Stripe, Shift4, Blackrock’s BUIDL Fund, Franklin Templeton, DraftKings, Kalshi, Lightspark, Tastytrade, and Republic. The recent funding round underscores how increasing institutional demand for reliable on-chain infrastructure is driven by a surge in consumer adoption as well as clearer regulatory frameworks in key markets like the United States and European Union.
Overall, zerohash’s latest round of funding signals strong confidence from major financial players in the future of blockchain infrastructure and its potential to transform various aspects of the financial industry.
Advisors: zerohash consulted Lazard Frères & Co and was advised by Barnes & Thornburg on this transaction.
KEY QUOTES:
“We are building the AWS of on-chain infrastructure. This raise, and the caliber of our investors and clients, is testament to the trust we’ve built. It further underscores the scale and the proven track record that we have developed since founding in 2017. Crypto, stablecoins and tokenization aren’t coming – it’s here – and zerohash is the engine behind the scenes.”
Edward Woodford, Founder and CEO of zerohash
“Every financial institution is looking to provide access to the crypto asset class and innovate with this technology at scale. I’ve recently met with multiple large bank CEOs and financial services executives, many of whom said that they are spending more than 50% of their time driving on-chain innovation at their firms. They are of course leveraging zerohash as the backbone of this innovation into crypto, stables and tokenization.”
Adam Berg, Chief Financial Officer and Chief Administrative Officer of zerohash
“Interactive Brokers has always prioritized giving clients broad access to global markets. zerohash has been central in enabling us to expand into digital assets and continue to innovate with confidence. Their regulatory-first approach and proven scalability align with our values and we’re pleased to deepen our partnership through continued investment.”
Interactive Brokers – Milan Galik, CEO
“Blockchain is a technology super cycle that will reshape financial services and make it faster, cheaper, and easier for people to interact with money. We’re pleased to support zerohash’s continued growth and accelerate the adoption of crypto, stablecoins, and tokenization across mainstream finance.”
SoFi – Anthony Noto, CEO
“As crypto moves into the mainstream, zerohash will be the default backbone for enterprises integrating digital assets, from neobanks and brokerages to payment companies and loyalty platforms. Their obsession with trust and doing things the right way makes them stand out – they have proven that they take a long term view and we’re proud to stand behind them.”
Tastytrade – Tom Sosnoff, Founder
“Our investment is a strategic move to participate in the potential near-term revolution of stablecoins in payments and money transfers, with zerohash uniquely positioned to serve the largest players in the industry.”
FTMO – Otakar Šuffner, CEO
“zerohash is unique in blending deep blockchain innovation with a breadth of use cases unlocking financial firms’ entry into the space across trading, payments and tokenization.”
Jump Crypto, Saurabh Sharma, Chief Investment Officer
“zerohash is the leader in the space and has seen incredible growth that will only compound with the macro tailwinds.”
IMC, Shane O’Callaghan,Global Head of Institutional Partnerships & Sales – Digital Assets
