Zerohash, a crypto infrastructure provider, has successfully raised $104 million in a Series D-2 funding round led by Interactive Brokers (IBKR), reaching a valuation of $1 billion. This funding round drew participation from major financial institutions, including Morgan Stanley, Apollo-managed funds, and SoFi, contributing to a total funding amount of $275 million for Zerohash. The funds will support the company's product expansion and enhance its talent pool as it aims to be a leading provider of on-chain infrastructure. Established in 2017, Zerohash has developed APIs and tools that allow financial institutions to launch crypto and stablecoin products. The firm already powers services for notable clients like Interactive Brokers and DraftKings, and operates in over 190 countries, serving more than 5 million users.

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