Zerohash Secures $104M at $1B Valuation in Series D-2

Zerohash secured $104 million in a Series D-2 funding round at a $1 billion valuation. The round was led by Interactive Brokers (IBKR) and Morgan Stanley, with first-time investments from Apollo-managed funds, SoFi, IMC, and Jump Crypto, alongside existing backers PEAK6 and Nyca Partners. This brings Zerohash’s total funding to $275 million. Zerohash plans to use the capital to scale its on-chain infrastructure offerings, hire talent, and expand developer tools for APIs, stablecoins, tokenization, and settlement services. Its platform supports over 5 million users in 190 countries through partners such as Stripe, DraftKings, Franklin Templeton, BlackRock’s BUIDL Fund, and IBKR. Institutional demand for crypto infrastructure is rising as banks and brokerages prepare to expand into digital assets. Morgan Stanley intends to integrate Zerohash’s trading API into E-Trade for crypto services in early 2026. Traders should monitor Zerohash’s growth as an indicator of increased institutional adoption of on-chain solutions.