Zerohash Raises $104M in Extended Series D, Hits $1B Valuation
Zerohash Raises $104M in Extended Series D, Hits $1B Valuation
Crypto infrastructure firm Zerohash has secured $104 million in an extended Series D funding round, lifting its valuation to $1 billion. The raise was led by Interactive Brokers, with backing from Morgan Stanley, SoFi, Apollo, and other strategic investors who are also Zerohash clients.
Founded in 2017, Zerohash provides the backend rails that allow banks, brokerages, payment firms, and fintechs to integrate blockchain-based products. Its services cover crypto trading, stablecoins, tokenisation, cross-border payments, account funding, payouts, staking, and asset management. With broad regulatory coverage and millions of end users supported, Zerohash has established itself as a critical layer for institutions adopting digital assets.
Strategic Capital from Industry Leaders
CEO and founder Edward Woodford told CNBC that rising from “the largest, most trusted brands in the world” was deliberate. “We wanted to have that be the bridge into this new technology,” he said.
Interactive Brokers, already a Zerohash client, plans to deepen the partnership with a forthcoming stablecoin product. While Woodford declined to confirm whether Morgan Stanley and SoFi were current clients, he hinted at upcoming announcements. A later memo revealed that Morgan Stanley was preparing to launch crypto trading via its E-Trade division with Zerohash’s infrastructure.
“These groups aren’t VCs,” Woodford stressed. “You can assume there’s obviously a couple of announcements coming down the road with these other investors.”
Favourable Market and Regulatory Tailwinds
The raise comes amid a shift in the U.S. regulatory climate following the 2025 policy reversal under President Donald Trump. Where crypto once faced scepticism under former SEC Chair Gary Gensler, the current administration has embraced it as a transformative technology.
This has fueled renewed interest from major banks and financial institutions. Anthony Noto, CEO of SoFi, signalled earlier this year that his firm was ready to relaunch crypto trading. Bank of America and Morgan Stanley executives also voiced confidence in moving into digital assets under the new rules.
By aligning with this momentum, Zerohash is positioning itself as a key infrastructure partner for Wall Street’s next phase of blockchain adoption.
Building for Scale Across Three Verticals
Zerohash’s growth strategy is centred on three verticals: crypto trading, stablecoins, and tokenisation. The fresh capital will accelerate expansion across all three.
- Crypto trading: Interactive Brokers already relies on Zerohash for trading and custody, and new integrations with institutional players are on the horizon.
- Stablecoins: The firm is rolling out a stablecoin product with Interactive Brokers, reflecting the growing appetite for blockchain-based settlement solutions.
- Tokenisation: By providing tokenisation rails and management services, Zerohash enables banks and fintechs to bring tokenised assets into mainstream financial flows.
This broad scope makes Zerohash an end-to-end solution provider. For institutions, it eliminates the burden of building costly, compliance-heavy infrastructure from scratch, while ensuring scalability and regulatory alignment.
More News: Fnality Raises $136M in Series C to Expand Global DLT Settlement Network
Industry Implications
Zerohash’s $1 billion valuation and heavyweight backers mark an important signal for the sector. Instead of relying on venture capital firms, the round is composed largely of strategic investors with direct use cases. That alignment suggests the company’s services are already embedded within the workflows of major financial players, with more partnerships expected to go live soon.
It also underlines a growing divide in the digital asset landscape. Most consumer-facing crypto apps battle volatility and user churn. Infrastructure providers like Zerohash are locking in long-term demand from institutions. By powering trading desks, payment platforms, and tokenisation services, Zerohash is set to enjoy many benefits.
Outlook
With fresh funding and the trust of major financial institutions, Zerohash is entering its next phase. As a scaled infrastructure leader, it is the role to bridge traditional finance and blockchain-based services. It is likely to expand as tokenised assets, stablecoins, and digital trading move further into the mainstream.
For institutions, the message is clear: blockchain adoption is no longer a question of if, but how, and firms like Zerohash are providing the rails to make it happen.
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