ZeroHash Secures $104M, Becomes Latest Crypto Unicorn

ZeroHash, a cryptocurrency infrastructure startup, has reached a $1 billion valuation after a $104 million Series D-2 funding round. This significant investment signals growing mainstream interest in blockchain technology.

Key Investors

The funding round was led by Interactive Brokers, with participation from major players including:

• Morgan Stanley
• SoFi Technologies
• Apollo Global Management

This marks the first cryptocurrency infrastructure investment for many of these Wall Street institutions.

What Does ZeroHash Do?

ZeroHash provides regulatory-compliant infrastructure that allows financial institutions to easily integrate cryptocurrency services into their existing platforms. Their platform supports various use cases, including trading, cross-border payments, and tokenization.

Shifting Regulatory Landscape

The funding round coincides with a more favorable regulatory climate towards cryptocurrency. This shift has encouraged traditional financial institutions to explore digital asset offerings.

Key Takeaways

• ZeroHash becomes a crypto unicorn with a $104M funding round.
• Major Wall Street firms are investing in crypto infrastructure.
• The regulatory landscape is becoming more favorable for cryptocurrency adoption.
• Traditional finance is increasingly interested in blockchain technology.

Industry Impact

According to ZeroHash, several large bank CEOs and financial services executives are dedicating significant time to on-chain innovation at their firms. This increased focus on blockchain indicates a fundamental shift in the financial services industry.