Stablecoin fever remains to be working sizzling. Zerohash, a crypto and stablecoin infrastructure startup, is ready to lift about $100 million at practically a $1 billion valuation, in response to two sources accustomed to the deal. The publicly traded on-line brokerage Interactive Brokers is main the funding spherical, mentioned the 2 folks, who spoke to Fortune on the situation of anonymity to debate non-public enterprise dealings.
Spokespeople for zerohash and Interactive Brokers declined to remark.
The fundraise follows zerohash’s Collection D from 2022, when the corporate raised $105 million from buyers together with Bain Capital, NYCA, and Point72 Ventures. The Collection D valued the corporate at $340 million, in response to knowledge from Pitchbook.
Based in 2017, zerohash (previously styled as Zero Hash) supplies backend infrastructure that helps banks, brokerages, in addition to fintech firms provide cryptocurrencies, NFTs, and different digital belongings to their clients. Now, the corporate has grow to be an influential participant within the sizzling sector of stablecoins, or cryptocurrencies pegged to underlying belongings just like the U.S. greenback.
Zerohash partnered with Stripe to assist the fintech large’s clients go from money to stablecoins by zerohash’s community of banking relationships and regulatory licenses. It has additionally labored with Securitize, one other crypto startup, to assist conventional finance titans like BlackRock and Franklin Templeton enter the tokenization race, or when issuers put conventional monetary belongings like cash market funds into blockchain wrappers. Zerohash lets clients change stablecoins for tokenized belongings. Different zerohash shoppers embody the prediction market Kalshi in addition to the neobank MoneyLion.
Stablecoin summer time
Zerohash isn’t the one stablecoin startup to draw tens of hundreds of thousands of {dollars} in enterprise capital over the previous yr. After Stripe introduced its acquisition of the stablecoin firm Bridge for $1.1 billion in October, equally positioned startups have raked in investor funds.
In December, BVNK raised $50 million in a Collection B that valued it at round $750 million. In March, Mesh mentioned it raised $82 million. And, on Thursday, Nick van Eck, son of the noteworthy funding administration CEO Jan van Eck, introduced that Agora, a stablecoin firm he cofounded, raised $50 million in a spherical led by the longtime crypto investor Paradigm.
The Bridge acquisition is only one motive why buyers are piling into stablecoins. The crypto markets are frothy once more as Bitcoin has repeatedly notched new all-time highs in 2025. In early June, the stablecoin issuer Circle went public in a gangbuster IPO. Its shares have greater than quintupled since its inventory began buying and selling on the New York Inventory Alternate. The corporate’s market capitalization is round $46 billion as of Friday morning.
And, in mid-June, the Senate handed a invoice that may regulate crypto belongings. The Home is now contemplating the laws.
Amid the regulatory push and crypto increase, Fortune 500 firms have proven curiosity within the expertise. Retailers like Walmart and Amazon are trying into stablecoin adoption. And Huge Tech corporations like Meta, Apple, Airbnb, and Google have all spoken with crypto firms since January about integrating stablecoins into their funds infrastructure.
Versus issuers like Agora, which has its personal stablecoin and creates white-labeled tokens for its companions, zerohash acts because the connective tissue for the stablecoin ecosystem. Its instruments for builders let clients extra simply go between money and stablecoins, serving as an middleman amid skyrocketing demand for the sector.
