ZEROHASH, a leading crypto infrastructure provider, has secured $100 million in a funding round, elevating its valuation to $1 billion. The funding was led by Interactive Brokers.
Funding and Valuation of ZEROHASH
Founded in 2017, ZEROHASH has completed a $100 million funding round, reaching a valuation of $1 billion. The funding was led by Interactive Brokers, reflecting investor confidence in the company.
Strengthening Crypto Infrastructure
ZEROHASH provides critical infrastructure for fintech, enabling the integration of cryptocurrencies and stablecoins. The company collaborates with major players like Stripe and Franklin Templeton. ZEROHASH's partnerships could facilitate broader crypto adoption within traditional financial institutions.
Impact on the Digital Asset Market
The $100 million investment could drive growth in crypto services, allowing banks and fintech platforms to manage digital assets. While the immediate impact on cryptocurrencies like BTC and ETH may be indirect, infrastructure funding could enhance reliability and accelerate the introduction of new financial products.
The investment in ZEROHASH underscores the increasing integration of crypto infrastructure by financial institutions. This funding is expected to strengthen the company's position and continue to promote crypto's adoption in traditional finance.
