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Zerohash completes $104 million financing, valued at $1 billion.
[Chain News] On September 23, it was reported that the crypto assets infrastructure startup Zerohash has completed a $104 million Series D funding round, led by Interactive Brokers, with participation from financial institutions such as Morgan Stanley and SoFi. Strategic investors also included Zerohash's clients, and Apollo's funds participated in this round of financing. Founder and CEO Edward Woodford revealed that the company's valuation has reached $1 billion.
According to reports, Zerohash was established in 2017 to provide capability support for banks and financial technology companies, enabling them to launch blockchain-based products in three core areas: Crypto Assets trading, stablecoins, and tokenization. Interactive Brokers is already using Zerohash's Crypto Assets trading and custody services and will collaborate with the company to launch stablecoin products. Although Woodford was reluctant to comment on whether Morgan Stanley and SoFi are also its clients, he hinted that there will be relevant news announced soon.