Zerohash, a crypto and stablecoin infrastructure startup, is set to raise about $100 million at nearly a $1 billion valuation, led by Interactive Brokers. The fundraise follows a previous Series D round in 2022, where the company raised $105 million, valuing it at $340 million.

Zerohash, founded in 2017, provides backend infrastructure for offering cryptocurrencies, NFTs, and digital assets. They have partnered with companies like Stripe and Securitize to help traditional finance giants enter the tokenization race. Other clients include Kalshi and MoneyLion.

Stablecoin startups like Zerohash are attracting significant venture capital. After Stripe acquired Bridge for $1.1 billion, other startups like BVNK and Mesh have raised tens of millions. Agora, cofounded by Nick van Eck, raised $50 million in a round led by Paradigm.

Amid a regulatory push and crypto boom, Fortune 500 companies like Walmart, Amazon, and Big Tech firms are showing interest in stablecoin adoption. Zerohash serves as connective tissue in the stablecoin ecosystem, facilitating the exchange between cash and stablecoins amid rising demand.

Read more at Yahoo Finance: Crypto and stablecoin infrastructure startup Zerohash to raise $100 million at an almost $1 billion valuation