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

Sources familiar with the matter revealed that cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise approximately $100 million at a valuation of nearly $1 billion. Publicly traded online brokerage firm Interactive Brokers is leading the funding round. This funding follows Zerohash's Series D round in 2022, when the company raised $105.00 million from investors such as Bain Capital, Nyca, and Point72 Ventures. According to PitchBook data, the Series D round valued the company at $340.00 million. It is understood that Zerohash, founded in 2017 and formerly known as Zero Hash, provides backend infrastructure to help banks, brokerages, and fintech companies offer cryptocurrencies, NFTs, and other digital assets to their customers. (Forbes) [Odaily Planet Daily]