Zerohash, a company known for providing backend infrastructure to banks, brokerages, and fintech firms for cryptocurrencies, NFTs, and other digital assets, is reportedly planning to raise approximately USD 100 million. This potential fundraising could help Zerohash reach an estimated valuation of close to USD 1 billion.
According to sources cited by Fortune, Interactive Brokers may be leading the funding round for Zerohash. However, neither representatives from Zerohash nor Interactive Brokers have provided any comments on this report.
This fundraising initiative follows Zerohash’s Series D round in 2022, where it secured USD 105 million from investors such as Bain Capital, Nyca, and Point72 Ventures. The Series D round was valued at approximately USD 340 million according to data from PitchBook.
Previously known as Zero Hash, Zerohash offers essential infrastructure that enables financial institutions to integrate cryptocurrencies into their services. The company has positioned itself as a significant player in the stablecoin market by linking cryptocurrencies to underlying assets like the US dollar.
Strategic Partnerships
Zerohash has partnered with Stripe to assist fintech clients in transitioning from cash transactions to using stablecoins through Zerohash’s extensive network of banking relationships and regulatory licenses. Additionally, it has collaborated with Securitize to help traditional financial providers like BlackRock and Franklin Templeton enter the tokenization space, where real-world assets are converted into blockchain formats.
Through these partnerships, Zerohash facilitates the exchange between stablecoins and tokenized assets. Its clients include well-known companies such as Kalshi, a prediction marketplace, and MoneyLion, a neobank.
Stablecoin Market Trends
Zerohash is part of an emerging wave of stablecoin startups that are gaining venture capital attention. Following Stripe’s USD 1.1 billion acquisition of Bridge in October 2024, other stablecoin companies like BVNK and Agora have also recently secured significant funding. This renewed interest in stablecoins is driven by rising Bitcoin prices and Circle’s successful IPO, which has led to increased share value.
Regulatory developments, such as a Senate bill focused on crypto asset regulation, are further stimulating this sector. Companies like Walmart, Amazon, and Big Tech are exploring the integration of stablecoins into their services, aligning with Zerohash’s mission to support the broader stablecoin ecosystem through its tools.
