Zerohash, a provider of crypto infrastructure, has successfully raised $100 million in a funding round, reaching a valuation of $1 billion.
Funding from Interactive Brokers
The $100 million funding round was led by Interactive Brokers, highlighting the increasing confidence of institutional investors in the digital asset services sector.
Zerohash's Role in Crypto Infrastructure
Founded in 2017, Zerohash has established itself as a reliable backend infrastructure provider, assisting banks and fintech firms in offering digital asset services. Support from such investors as Bain Capital and Point72 Ventures reinforces the company’s sustained backing.
Market Prospects and Impact
The raised capital will be utilized to enhance the company’s infrastructure capabilities, potentially increasing market integration. The backing from such investments might facilitate broader adoption of digital assets among banks and fintech companies. Partnerships with various firms, like Franklin Templeton, further emphasize diversified industry involvement.
Zerohash's successful funding reflects growing interest and acceptance of crypto infrastructure from institutional investors, which may lead to changes in regulations and financial technologies.
