On July 12, Fortune reported that Zerohash, a cryptocurrency and stablecoin infrastructure provider, is about to complete a financing round of approximately $100 million, with a valuation of nearly $1 billion. According to sources, this round of financing is led by online brokerage firm Interactive Brokers.

Founded in 2017, Zerohash provides backend infrastructure for cryptocurrencies and digital assets to financial institutions and has recently been active in the stablecoin space. The company has established a partnership with Stripe to help customers convert between cash and stablecoins, and is working with Securitize to support traditional financial giants such as BlackRock and Franklin Templeton in entering the tokenized market. [Deep Tide TechFlow]

Sources say crypto infrastructure firm Zerohash is about to close a $100 million funding round