Crypto and stablecoin infrastructure startup Zerohash aims for a funding of $100 million at a near-$1 billion valuation. According to reports, the funding round is led by Interactive Brokers, a publicly traded online brokerage, indicating institutional investor interest in digital asset infrastructure.
The funding follows Zerohash raising a prior Series D funding in 2022, when the former had raised $105 million at a then-valuation of $340 million. Leading participants in the earlier funding were Bain Capital, Nyca, and Point72 Ventures, according to PitchBook data.
Zerohash, founded in 2017, has become a key supplier of services for the booming stablecoin sector. Zerohash builds back-office infrastructure for banks, brokerages, and fintechs to integrate cryptocurrency and stablecoin services.
However, Zerohash helps such companies provide the means for delivering digital assets like NFTs, stablecoins, and tokenized funds directly to their customers without the need to build native systems.
The strong infrastructure of the company facilitates secure conversions of fiat currencies and cryptocurrency through the network of their banking partners.
Zerohash has secured strategic collaborations with prominent corporations to enhance its impact in the space of traditional and digital finance. The startup allied with Stripe to make stablecoin access easier for the fintech giant’s customers.
Zerohash expands network amid Stablecoin sector growth
However, Zerohash also helped Securitize enable tokenized asset offerings for asset managers such as BlackRock and Franklin Templeton. Zerohash facilitates effortless conversion between stablecoins and tokenized investments, thus guaranteeing a robust connection between legacy finance and blockchain infrastructure.
Its partners include online platforms like Kalshi, a prediction marketplace, and MoneyLion, a neobank. They are a demonstration of the company’s central role in facilitating real-world stablecoin use.
While stablecoin issuers like Agora are concerned with issuing stablecoins, Zerohash commits to offering infrastructure through which other companies can quickly switch cash into stablecoins and back.
Investor interest has spiked towards stablecoin-oriented companies, particularly following Stripe’s buying of Bridge for $1.1 billion. BVNK secured funding of $50 million in December, while Mesh raised $82 million back in March.
Recently, Agora, co-founded by Nick van Eck, secured funding of $50 million, evidencing the pace through the industry. As Bitcoin hits new records and Circle’s IPO rockets over $46 billion in value, institutional and Congressional interest continues to build.
Large corporations such as Walmart, Amazon, Meta, and Google are negotiating with crypto companies about integrating stablecoins. As the regulation advances and the demand increases, Zerohash continues to be a key enabler of secure, scalable entry to stablecoins.
