Stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $1 billion

Odaily News Cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise about $100 million at a valuation of nearly $1 billion, according to people familiar with the matter. Publicly traded online brokerage Interactive Brokers is leading the financing round. The financing follows Zerohashs Series D in 2022, when the company raised $105 million from investors including Bain Capital, Nyca and Point72 Ventures. The Series D round valued the company at $340 million, according to PitchBook data.
It is understood that Zerohash was founded in 2017 and was once named Zero Hash. It provides back-end infrastructure to help banks, brokerage firms and financial technology companies provide cryptocurrencies, NFTs and other digital assets to customers. (Forbes)