zerohash Raises $104 Million in Series D-2 Funding
The prominent crypto and stablecoin infrastructure platform, zerohash, recently completed a significant $104 million Series D-2 capital raise. This funding round was spearheaded by Interactive Brokers, a globally respected brokerage firm. The round saw participation from heavyweights like Morgan Stanley, SoFi, Apollo-managed funds, and several other notable institutions such as Jump Crypto, Northwestern Mutual Future Ventures, and Liberty City Ventures. Many of these financial giants are making their first foray into crypto and stablecoin investments through this initiative.
Boosting Product Expansion and Talent Growth
With this latest capital injection, zerohash now boasts a total funding of $275 million. The funding is set to supercharge product expansion, bolster talent acquisition, and enhance zerohash's capabilities in driving on-chain innovation across top-tier financial institutions. Zerohash has been diligently working in the United States since 2017, establishing itself as one of the oldest players in the crypto space. To date, zerohash proudly supports over 5 million users in 190 countries, facilitating solutions for prominent companies including Interactive Brokers and Blackrock.
Innovative Infrastructure for Financial Services
zerohash stands as the foremost provider of infrastructure for crypto, stablecoins, and tokenized assets. The platform offers regulatory-compliant solutions that can be seamlessly integrated into various applications, platforms, and wallets. Their API and developer kits enable businesses to swiftly create innovative solutions spanning trading, cross-border payments, remittance, and more.
Rising Demand for On-Chain Infrastructure
This recent funding round arrives amid surging demand for enterprise-grade on-chain infrastructure, driven by growing consumer interest and a clearer regulatory landscape in key regions. Edward Woodford, the Founder and CEO of zerohash, remarked, “We are building the AWS of on-chain infrastructure. This raise, and the caliber of our investors, is a testament to the trust we’ve built over time. Crypto, stablecoins, and tokenization aren't emerging trends; they are here, and zerohash is the engine powering this change.”
Transforming Access to Crypto Assets
As traditional financial institutions explore ways to provide access to crypto assets, Adam Berg, CFO of zerohash, noted that many bank executives are dedicating more than half their time to driving on-chain innovation. They are turning to zerohash to serve as the backbone of their ventures into this technology. This trend emphasizes the crucial role zerohash plays in advancing the crypto asset class.
Testimonials from Major Investors
The enthusiasm among investors for zerohash's vision is palpable. Milan Galik, CEO of Interactive Brokers, stated, “zerohash has been central in enabling us to expand into digital assets. Their regulatory-first approach aligns well with our goals.” Similarly, Anthony Noto, CEO of SoFi, remarked, “Blockchain is a technological super cycle that will significantly reshape financial services.”
Strategic Investment Insights
Other investors expressed their confidence in zerohash as an industry leader. Tom Sosnoff, Founder of Tastytrade, shared that “zerohash will be the default backbone for enterprises integrating digital assets.” Otakar Šuffner of FTMO and Shane O’Callaghan of IMC echoed similar sentiments, emphasizing zerohash’s unique positioning within the financial landscape.
About zerohash
zerohash has positioned itself as the go-to infrastructure provider for crypto, stablecoins, and tokenized assets. Its API and embeddable development kit simplify the launch of solutions across numerous sectors, from payments to trading. With a regulatory footprint spanning multiple regions, including various global markets, zerohash is a registered money service business in the United States and holds approvals to conduct currency business in numerous jurisdictions.
Future Growth and Employment Opportunities
With roughly 200 employees spread across offices in major cities, zerohash is poised for continued growth amid an evolving landscape. Their unwavering commitment to regulatory compliance and infrastructure innovation will support their mission to simplify access to the transformative world of crypto assets.
Frequently Asked Questions
What is zerohash?
zerohash is a leading infrastructure provider for crypto, stablecoins, and tokenized assets.
Who led the recent funding round for zerohash?
Interactive Brokers led the $104 million Series D-2 funding round.
What will the new funding be used for?
The funding will accelerate product expansion, talent growth, and on-chain innovation.
How many users does zerohash currently support?
zerohash supports over 5 million users across 190 countries.
What are the future plans of zerohash?
zerohash plans to expand its infrastructure and continue supporting financial institutions in integrating crypto solutions.
