"Zerohash, a crypto and stablecoin infrastructure company headquartered in Chicago, announced Tuesday that it had raised $104 million at a $1 billion valuation."
""about accurate," said Edward Woodford, founder and CEO of Zerohash, but he declined to specify his company's valuation in its prior fundraise."
""Crypto now is not a debated issue at this point at large institutional banks," said Woodford."
Zerohash raised $104 million at a $1 billion valuation in a funding round led by Interactive Brokers, with participation from Morgan Stanley, Apollo Global Management, SoFi, and Jump Trading's crypto arm. The company builds infrastructure for financial institutions and fintechs to issue stablecoins, enable crypto trading, and tokenize assets. The valuation represents a near tripling from an estimated $340 million raise in 2022. Institutional demand and Wall Street participation are driving renewed momentum in crypto markets. Edward Woodford, founder and CEO, confirmed PitchBook’s estimate as "about accurate" and said crypto is no longer a debated issue at large institutional banks.
Read at Fortune Crypto
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