Zerohash, an infrastructure provider from Crypto and Stablecoin, raised $ 104 million in a D-2 series led by interactive brokers (IBKR), evaluating the company at $ 1 billion.
The increase included a new participation of Morgan Stanley (MS), funds managed by Apollo-, Sofi (Sofi), Jump Crypto, Northwestern Mutual Future Ventures, FTMO, BMI and Liberty City Ventures, alongside Backers existing Peak6, Tastytrade and Nyca Partners, said the company in a press release on Tuesday.
The new capital covers Total Zerohash funding at $ 275 million and will feed the expansion of products, talent growth and its ambition to become “the AWS of chain infrastructure,” said CEO and founder Edward Woodford in the press release.
The increase marks the first investments of crypto and stablecoin for several major players, reporting a growing demand from financial institutions to build large -scale chain solutions.
Founded in 2017, Zerohash provides integrated APIs and tools that allow financial institutions and fintechs to offer Crypto, Stablecoin and Tokenization products.
Its platform already feeds solutions for interactive brokers, Stripe, Blackrock’s Buidl Fund, Franklin Templeton and Draftkings, serving more than 5 million users in 190 countries.
Fund collection occurs as the demand for business quality of business infrastructure increases, with more financial institutions seeking to offer tokenized assets, stablecoins and a large -scale chain colony.
Find out more: Morgan Stanley Crypto Trading Ambitions approaching: Bloomberg
