Interactive Brokers Backs Crypto Startup Zerohash in $104M Raise, Valuing Firm at $1B: Report
Global electronic brokerage giant Interactive Brokers
has led a $104 million Series D funding round for crypto infrastructure startup
Zerohash, placing the company’s valuation at $1 billion.
The investment marks a significant step in the
broker’s involvement with digital assets, as financial firms accelerate plans
to expand into the sector.
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Interactive Brokers at the Center of the Deal
According to CNBC, the funding round also included investors
such as Morgan Stanley, SoFi, and funds managed by Apollo. Interactive Brokers
already uses Zerohash for crypto trading and custody services, and the two
companies plan to launch a stablecoin product.
The raise comes amid a shift in U.S….
