Startup Zerohash raises $104M from Morgan Stanley, SoFi, Apollo

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Startup Zerohash raises 4M from Morgan Stanley, SoFi, Apollo — Startup Zerohash raises 104M from Morgan Stanley SoFi Apollo.jpg

Zerohash, a crypto infrastructure startup, has successfully secured $104 million in funding from financial giants like Morgan Stanley and SoFi. The Series D round was spearheaded by Interactive Brokers, a leading automated trading company, and boasts a valuation of $1 billion.

Edward Woodford, the founder and CEO of Zerohash, expressed his excitement about partnering with such esteemed organizations, stating, “We wanted to raise from the largest, most trusted brands in the world and have that be the bridge into this new technology.”

The funding round also saw participation from funds managed by Apollo, further solidifying Zerohash’s position in the market. The startup, founded in 2017, specializes in providing banks and fintech firms with blockchain-based solutions in crypto trading, stablecoins, and tokenization.

Interactive Brokers, one of Zerohash’s strategic investors, is already utilizing their services for crypto trading and custody. Woodford revealed plans for launching a stablecoin product in collaboration with Interactive Brokers. While details on partnerships with Morgan Stanley and SoFi are yet to be disclosed, Woodford hinted at upcoming announcements.

In response to the regulatory shift under President Donald Trump’s administration, financial institutions have shown a newfound interest in cryptocurrencies. Morgan Stanley recently announced plans to offer crypto trading through its E-Trade division with the assistance of Zerohash.

Woodford emphasized that the investors backing Zerohash are not just traditional venture capitalists, hinting at future collaborations and developments. The startup’s focus on accelerating adoption across various verticals underscores their commitment to driving innovation in the crypto space.

As the crypto landscape continues to evolve, Zerohash’s strategic partnerships and innovative solutions position them as a key player in the industry. Stay tuned for more exciting developments from this trailblazing startup.