Zerohash, an infrastructure supplier of Crypt and Stablecoin, has raised $ 104 million in a round of the D-2 series directed by interactive corridors (IBKR), valuing the company at $ 1 billion.
The increase included a new participation of Morgan Stanley (MS), funds managed by Apolo, Sofi (Sofi), Crypto Jump, Northwestern Mutual Future Ventures, FTMO, BMI and Liberty City Ventures, along with the existing sponsors Peak6, Tastytrade and Nyca Partners, the company said in a press release on Tuesday.
The fresh capital carries the total financing of Zerohash to $ 275 million and will feed the expansion of the product, the growth of talent and its ambition to become “the AWS of the infrastructure in the chain,” said the CEO and founder Edward Woodford in the statement.
The increase marks the first cryptographic investments and Stablecoin for several large players, indicating a growing demand for financial institutions to build solutions in the scale chain.
Founded in 2017, Zerohash provides API and integrable developer tools that allow financial and fintechs institutions to offer cryptographic products, stablecoin and tokenization.
Its platform already promotes solutions for interactive runners, Stripe, the Buidl background of Blackrock, Franklin Templeton and Draftkings, which serves more than 5 million users in 190 countries.
Fund collection occurs as the demand for cryptographic business degree infrastructure grows, with more financial institutions that seek to offer tokenized, stable assets and settlement in the scale chain.
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