Interactive Brokers (IBKR) Leads $104M Zerohash Round, Pushing Crypto Firm to $1B Valuation

ZeroHash, a crypto and stablecoin infrastructure provider, has raised $104 million in a Series D-2 round led by Interactive Brokers (IBKR), valuing the company at $1 billion. The raise included new participation from Morgan Stanley (MS), Apollo-managed funds, SoFi (SOFI), Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC and Liberty City Ventures, alongside existing backers PEAK6, tastytrade, and Nyca Partners, the company said in a press release Tuesday. The fresh capital brings ZeroHash’s total funding to $275 million and will fuel product expansion, talent growth, and its ambition to become...