Zerohash, the AWS of On-Chain Infrastructure, Hits $1B Valuation

Zerohash, a leading crypto and stablecoin infrastructure provider, has secured $104 million in a Series D-2 funding round at a $1 billion valuation, marking a significant milestone in the company’s eight-year journey. The round was led by Interactive Brokers, a global automated trading firm, with participation from strategic institutional investors including Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, and Northwestern Mutual Future Ventures. This brings Zerohash’s total funding to $275 million, with the latest raise reflecting growing institutional confidence in blockchain infrastructure as regulatory clarity and market demand converge.

The startup, founded in 2017, provides banks, fintechs, and financial institutions with tools to integrate blockchain-based solutions across three core areas: crypto trading, stablecoins, and tokenization. Its platform enables clients like Interactive Brokers, Stripe, and BlackRock’s BUIDL Fund to offer scalable, compliant digital asset services to over 5 million users across 190 countries. CEO Edward Woodford emphasized that the funding will accelerate product expansion, talent growth, and the company’s ambition to become “the AWS of on-chain infrastructure,” a reference to its role as a foundational layer for institutional crypto adoption.

The fundraising aligns with a broader shift in the financial sector under the U.S. administration of President Donald Trump, which has fostered a more favorable regulatory environment for cryptocurrencies compared to the previous administration’s skepticism. Woodford noted that major financial firms, including Morgan Stanley and Bank of America, have increasingly expressed readiness to enter the crypto space, a trend validated by Zerohash’s strategic investor base. The company has also partnered with Interactive Brokers to launch a stablecoin product, further solidifying its position in the market.

Zerohash’s growth trajectory underscores the rising demand for enterprise-grade crypto infrastructure. The firm’s API and developer tools facilitate seamless integration of stablecoin payments, tokenized assets, and cross-border transactions, addressing gaps between traditional finance and blockchain innovation. Notable clients include Kalshi, which leveraged Zerohash’s compliance-focused solutions to secure $25 million in USDC deposits ahead of the 2024 U.S. presidential election. Woodford highlighted that Zerohash’s regulatory-compliant framework allows clients to innovate rapidly while adhering to stringent standards, a critical differentiator in a maturing industry.

Investor testimonials underscore the strategic significance of Zerohash’s platform. Interactive Brokers’ CEO Milan Galik praised the startup’s “regulatory-first approach” and scalability, while SoFi’s Anthony Noto described blockchain as a “super cycle” reshaping financial services. Tastytrade’s Tom Sosnoff likened Zerohash to the “default backbone” for enterprises integrating digital assets, citing its long-term vision and trustworthiness. The company’s valuation jump from $340 million in 2022 to $1 billion in 2025 reflects its resilience through market cycles and the accelerating adoption of crypto infrastructure.

Zerohash’s success is part of a larger trend of institutional crypto integration. Competitors like Fireblocks and Fnality have also raised substantial funding, signaling a sector-wide push to bridge legacy financial systems with blockchain technology. As Zerohash expands its global footprint—operating in jurisdictions including the EU, Latin America, and Australia—the company aims to further democratize access to digital assets while maintaining compliance with evolving regulatory frameworks.

Source: [1] Startup Zerohash raises $104M from Morgan Stanley, SoFi, Apollo … (https://www.cnbc.com/2025/09/23/startup-zerohash-raises-104million-morgan-stanley-sofi-apollo.html?msockid=1c8ff49572a361463bede2e473806063) [2] Interactive Brokers (IBKR) Leads $104M Zerohash Round (https://www.coindesk.com/business/2025/09/23/crypto-infrastructure-firm-zerohash-raises-usd104m-in-round-led-by-interactive-brokers-morgan-stanley) [3] Zero Hash - 2025 Funding Rounds & List of Investors - Tracxn (https://tracxn.com/d/companies/zero-hash/__sI4c0CFaKc3m3SHIz1SxKAqyT7vjZPdEqbGyDa-06EM/funding-and-investors) [4] Crypto and stablecoin startup Zerohash to raise $100 … (https://fortune.com/crypto/2025/07/11/zerohash-stablecoin-fundraise-interactive-brokers-100-million-1-billion-valuation/) [5] Fireblocks 2025 Company Profile: Valuation, Funding (https://pitchbook.com/profiles/company/268005-34) [6] Top Fireblocks Alternatives, Competitors - CB Insights (https://www.cbinsights.com/company/fireblocks/alternatives-competitors) [7] Zerohash Raises $104 Million and Reaches $1 Billion Valuation (https://coinpaper.com/11251/zerohash-raises-104-million-and-reaches-1-billion-valuation) [8] zerohash banks | compliant crypto services for banks & neobanks (https://zerohash.com/solutions/banks) [9] Startup Zerohash raises $104M from Morgan Stanley, SoFi, Apollo … (https://www.cnbc.com/2025/09/23/startup-zerohash-raises-104million-morgan-stanley-sofi-apollo.html?msockid=27d4c83a94da6cbe3a74de4b95e46da7) [10] Interactive Brokers leads zerohash capital raise, as Morgan (https://www.globenewswire.com/news-release/2025/09/23/3154607/0/en/Interactive-Brokers-leads-zerohash-capital-raise-as-Morgan-Stanley-Apollo-and-SoFi-also-make-significant-Onchain-Infrastructure-Investment-zerohash-Reaches-Unicorn-Status-and-is-no.html) [11] Exclusive: Fast-growing crypto and stablecoin startup … (https://fortune.com/crypto/2025/09/23/zerohash-edward-woodford-fundraise-interactive-brokers-morgan-stanley/)