Zerohash Achieves Unicorn Status with $104 Million Series D Funding Round
Zerohash, a Chicago-based crypto and stablecoin infrastructure company, has announced a successful $104 million Series D-2 funding round, valuing the company at $1 billion. The funding round was led by Interactive Brokers and saw participation from major institutions like Morgan Stanley, SoFi, and Apollo Global Management, signaling growing institutional interest in blockchain technology.
Investment Highlights and Key Participants
The latest funding round underscores the growing appetite among traditional financial firms for blockchain infrastructure. Interactive Brokers, a global automated trading firm and existing client of Zerohash, led the round. The participation of other financial giants such as Morgan Stanley, Apollo Global Management, and SoFi demonstrates a broadening interest in crypto infrastructure beyond traditional crypto-native investors.
- The funding will be used to accelerate product expansion across crypto trading, stablecoins, and tokenization.
- This raise marks the first crypto and stablecoin investments for many of these marquee institutions.
- Zerohash's total funding now stands at $275 million.
Zerohash's Focus and Services
Zerohash distinguishes itself by providing the infrastructure that enables businesses to offer crypto, stablecoin, and tokenization solutions to their customers. CEO Edward Woodford emphasizes that Zerohash is building the "AWS of on-chain infrastructure." The company's API and embeddable dev-kit facilitate easy integration of these solutions into various applications, platforms, and wallets.
“We are building the AWS of on-chain infrastructure,” said Edward Woodford, Founder and CEO of zerohash. “This raise, and the caliber of our investors and clients, is testament to the trust we’ve built.”
The company's services span three key areas: crypto trading, stablecoins, and tokenization. Zerohash has supported over 5 million users across 190 countries, powering solutions for companies like Interactive Brokers, Stripe, Blackrock's BUIDL Fund, and Franklin Templeton.
Regulatory Climate and Market Trends
The funding round comes amid a shift in the U.S. regulatory climate for cryptocurrencies. Increased regulatory clarity in key markets, including the US and EU, has prompted surging demand for enterprise-grade on-chain infrastructure. Some suggest the current administration under President Donald Trump has pivoted to a more supportive stance toward digital assets, fostering a favorable environment for companies like Zerohash.
Investor Perspectives
Executives from participating firms have expressed confidence in Zerohash's vision and potential. Milan Galik, CEO of Interactive Brokers, highlighted Zerohash's role in enabling their expansion into digital assets. Anthony Noto, CEO of SoFi, believes blockchain is a "technology super cycle" and sees Zerohash accelerating the adoption of crypto, stablecoins, and tokenization across mainstream finance.
Future Outlook
With the new funding, Zerohash is well-positioned to capitalize on the growing demand for its services and expand its partnerships with established financial players. The company's focus on compliance and scalability makes it a trusted partner for enterprises entering the crypto space. As crypto becomes more integrated into mainstream finance, Zerohash is poised to play a key role in shaping the future of the industry.
