Interactive Brokers, a major player in electronic trading, is leading a new funding round for Zero Hash, a company building the infrastructure for crypto and stablecoins.
Zero Hash: Powering Crypto for Businesses
Zero Hash helps banks, brokerages, and other financial companies offer their customers cryptocurrencies, NFTs, and other digital assets. They essentially provide the behind-the-scenes technology to make it all work.
A Big Funding Round
Zero Hash is looking to raise around $100 million, which would value the company at almost $1 billion. This follows a previous $105 million funding round in 2022. After that round, Zero Hash was valued at $340 million.
The Stablecoin Boom
This new funding comes as stablecoins—cryptocurrencies pegged to things like the US dollar—are becoming increasingly popular. Zero Hash has already partnered with companies like Stripe and Securitize to integrate their services. Stripe used Zero Hash to add crypto capabilities, while the partnership with Securitize allows institutions to convert USDC stablecoin to US dollars.