ZeroHash Raises $104M Series D-2 Led by Interactive Brokers and Morgan Stanley, Reaches $1B Valuation

ZeroHash, a leading crypto and stablecoin infrastructure platform, has secured $104 million in a Series D-2 funding round. The investment was led by Interactive Brokers (IBKR) and values the company at a significant $1 billion milestone. New investors in this round include financial giants Morgan Stanley (MS), Apollo-managed funds, SoFi (SOFI), and Jump Crypto, joining existing backers. According to CEO Edward Woodford, this capital injection, bringing total funding to $275 million, will accelerate product development, expand the team, and advance the goal of becoming the "AWS of on-chain infrastructure." This funding round is notable as it represents the first crypto and stablecoin investments for several major financial institutions, highlighting a surge in demand for scalable on-chain solutions. Since its founding in 2017, ZeroHash's APIs and developer tools have empowered platforms like Interactive Brokers, Stripe, and BlackRock's BUIDL fund to offer crypto and tokenization services to over 5 million users globally.