Insider: Stablecoin Infrastructure Zerohash to Raise $100 Million in Funding at $1 Billion Valuation

On July 12th, according to "Fortune" which cited sources with knowledge of the matter, the cryptocurrency and stablecoin infrastructure startup Zerohash is scheduled to complete a funding round of approximately $100 million, and its valuation is close to $1 billion. The online brokerage firm Interactive Brokers takes the lead in this funding round. It is reported that Zerohash provides backend infrastructure support for banks, brokerages, and fintech companies in terms of digital assets such as cryptocurrencies and NFTs, and has grown to become a key player in the stablecoin field. Its core operations involve partnering with Stripe to facilitate fiat-to-stablecoin exchanges through a network of banking relationships and regulatory licenses. It has assisted traditional financial institutions like BlackRock and Franklin Templeton in participating in tokenization initiatives and has provided stablecoin exchange services to clients such as the prediction market Kalshi and the digital bank MoneyLion.