Deep Tide TechFlow News, on July 12, according to Fortune, cryptocurrency and stablecoin infrastructure provider Zerohash is nearing the completion of approximately $100 million in funding, with a valuation approaching $1 billion. According to insiders, this round of financing is led by online brokerage Interactive Brokers.

Founded in 2017, Zerohash provides backend infrastructure for financial institutions in cryptocurrency and digital assets, and has recently been active in the stablecoin space. The company has partnered with Stripe to help clients convert between cash and stablecoins, and has collaborated with Securitize to support traditional financial giants like BlackRock and Franklin Templeton in entering the tokenized market.