Zero Hash, a crypto infrastructure firm, is expected to raise approximately $100 million in a funding round led by Interactive Brokers, bringing its valuation close to $1 billion.
Zero Hash provides backend technology that allows financial institutions to offer crypto, NFTs, and tokenized assets to customers, playing a pivotal role in the stablecoin ecosystem.
The company had previously raised $105 million in a 2022 Series D round and has secured partnerships with major players like Stripe and Securitize, expanding their reach.
The increased funding signifies rising demand for stablecoin infrastructure as traditional finance becomes more involved in digital assets amidst improving regulatory clarity.