Foresight News reports that, according to Forbes, insiders have revealed that the stablecoin infrastructure startup Zerohash plans to raise approximately $100 million at a valuation of nearly $1 billion. Publicly traded online brokerage Interactive Brokers is leading this funding round. This funding comes shortly after Zerohash's Series D funding in 2022, when the company raised $105 million from investors such as Bain Capital, Nyca, and Point72 Ventures. According to PitchBook data, the Series D funding valued the company at $340 million.
Zerohash was founded in 2017, previously known as Zero Hash, and provides backend infrastructure to help banks, brokerage firms, and fintech companies offer cryptocurrencies, NFTs, and other digital assets to their clients.