Zero Hash raises 100 million USD in a new funding round led by the largest brokerage firm in the United States.

The largest brokerage firm in the United States by average daily revenue is leading a funding round for Zero Hash, a cryptocurrency and stablecoin infrastructure startup. Zero Hash provides backend infrastructure for banks, brokerage firms, and fintechs so they can offer cryptocurrencies, NFTs, and digital assets to their customers.

According to Fortune, Zero Hash plans to raise around 100 million USD with a valuation of nearly 1 billion USD in the new funding round. In 2022, the company raised 105 million USD in a Series D round with participation from Bain Capital and Point72 Ventures, achieving a valuation of 340 million USD.

The fundraising efforts come as stablecoins become increasingly popular. In 2022, Stripe used the infrastructure of Zero Hash to launch a fiat-to-crypto conversion solution, and in 2024, Zero Hash partnered with Securitize to convert USDC into US dollars.