Global electronic brokerage giant Interactive Brokers
has led a $104 million Series D funding round for crypto infrastructure startup
Zerohash, placing the company’s valuation at $1 billion.
The investment marks a significant step in the
broker’s involvement with digital assets, as financial firms accelerate plans
to expand into the sector.
Digital assets meet tradfi in London at the fmls25
Interactive Brokers at the Center of the Deal
According to CNBC, the funding round also included investors
such as Morgan Stanley, SoFi, and funds managed by Apollo. Interactive Brokers
already uses Zerohash for crypto trading and custody services, and the two
companies plan to launch a stablecoin product.
The raise comes amid a shift in U.S. regulatory
attitudes toward crypto under President Donald Trump. The administration’s more
favorable approach contrasts with the stricter stance of former SEC Chair Gary
Gensler.
Focus on Trading, Stablecoins, and Tokenization
The change has prompted large banks to revisit digital
asset services. In April, SoFi CEO Anthony Noto told CNBC that the firm was
preparing to reintroduce crypto trading. Morgan Stanley is reportedly also close to offering
crypto trading through its E-Trade unit, with Zerohash providing the
infrastructure.
Founded in 2017, Zerohash allows banks and fintechs to offer products in crypto trading, stablecoins, and tokenization. Woodford said the fresh funding will accelerate
adoption across these areas.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
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