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

Odaily Planet Daily News: People familiar with the matter revealed that Zerohash, a cryptocurrency and stablecoin infrastructure startup, plans to raise about $100 million at a valuation of nearly $1 billion. Interactive Brokers, a publicly traded online brokerage, is leading this financing round. The financing follows Zerohash's Series D financing 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 financing valued the company at $340 million. It is understood that Zerohash was founded in 2017 and was once named Zero Hash. It provides back-end infrastructure to help banks, brokerage firms and fintech companies provide cryptocurrencies, NFTs and other digital assets to customers. (Forbes)