zerohash, a prominent name in providing infrastructure for crypto, stablecoin, and tokenized assets, has successfully raised $104 million in a Series D-2 funding round. This investment was led by Interactive Brokers and included participation from notable financial entities such as Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. Existing investors like PEAK6, tastytrade, and Nyca Partners also contributed to the funding. For many of the participating institutions, this marks their first venture into crypto and stablecoin investments.
The latest funding injection elevates zerohash’s total capital raised to $275 million. This capital boost aims to accelerate product expansion, enhance talent acquisition, and fortify the company’s pivotal role in advancing on-chain innovation globally. Since its inception in 2017, zerohash has enabled businesses to seamlessly integrate crypto, stablecoin, and tokenization solutions into their platforms, effectively reaching over 5 million users across 190 countries. Some of its esteemed clients include Interactive Brokers, Stripe, and Blackrock’s BUIDL Fund, among others.
Edward Woodford, Founder and CEO of zerohash, emphasized the company’s vision of becoming the “AWS of on-chain infrastructure.” He noted that the caliber of investors and clients involved is a testament to the trust and track record zerohash has established. The company’s infrastructure is designed to be regulatory-compliant and easily embedded into various applications, offering broad-spectrum support for trading, cross-border payments, and tokenization, among other fintech solutions.
The funding arrives at a time of increased demand for enterprise-grade on-chain infrastructure amid rising consumer adoption and clearer regulatory frameworks in significant markets like the US and EU. Adam Berg, zerohash’s Chief Financial Officer, highlighted the growing interest from financial institutions aiming to access and innovate within the crypto asset class, with many leveraging zerohash’s services as the backbone of their innovative pursuits.
Investors from major firms have expressed strong support for zerohash. Milan Galik, CEO of Interactive Brokers, praised zerohash’s role in expanding access to digital assets, aligning its operations with trusted regulatory practices. Similarly, Anthony Noto, CEO of SoFi, emphasized the transformative potential of blockchain technology in reshaping financial services.
zerohash’s global regulatory reach is significant, with regulated entities in multiple regions including the EU, Latin America, and the Asia-Pacific. In the US, it operates as a registered Money Service Business with licensing across 51 jurisdictions. With around 200 employees worldwide, the company continues to expand its presence in New York, Chicago, North Carolina, and Amsterdam.
While zerohash’s offerings are pioneering in the fintech space, they are not available in all jurisdictions, and investments are not covered by protections like FDIC or SIPC. It also maintains that its support of any asset does not serve as an endorsement or recommendation.
With this recent funding round, zerohash is poised for further growth and innovation, leveraging its robust infrastructure and regulatory compliance to support the evolving needs of the financial sector and beyond.