Interactive brokers (IBKR) lead to a $ 104m zerohash round, pushing a crypto firm to $ 1B appreciation
Zerohash, a crypto and stablecoin infrastructure provider, raised $ 104 million in a D-2 series led by interactive brokers (IBKR), who appreciated the company for $ 1 billion.
Includes increasing new participation from Morgan Stanley (MS), funds managed by Apollo, Sofi (Sofi), Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC and Liberty City Ventures, with existing peak backers6, TastyTrade, and NYCA Partners, the company said to A to A A Press release Tuesday.
Fresh capital brings total zerohash funds to $ 275 million and will expand product product, talent growth, and its ambition to be “aws of in-chain infrastructure,” CEO and founder Edward Woodford on the release.
The increase marks the first crypto and stablecoin investment for many large players, which signed growing demand from financial institutions to come up with on-chain solutions.
Established in 2017, zerohash provides APIs and dedicated developer tools that provide financial and finisch institutions to offer crypto, stablecoin and tokenization products.
Its platform enables solutions for interactive brokers, stripes, Buidl Funds of Blackrock, Franklin Templeton and Draftkings, serving more than 5 million users throughout 190 countries.
The fundraising came as the demand for the infrastructure of the business grade crypto grows, with more financial institutions seeking to offer tokenized assets, stablecoins and on-chain settlement in size.
Read more: Morgan Stanley Crypto Trading Ambitions Drawing Near: Bloomberg
