Crypto startup Zerohash raises $104 million from Morgan Stanley, SoFi, Apollo and others | Morgan…

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Crypto startup Zerohash raises $104 million from Morgan Stanley, SoFi, Apollo and others

Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned.

The Series D round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are also clients of Zerohash, founder and CEO Edward Woodford told CNBC in an interview. The company is valued at $1 billion, he said.

"We wanted to raise from the largest, most trusted brands in the world and have that be the bridge into this new technology," he said.

Funds managed by Apollo also participated in the round, according to Zerohash.

Interactive Brokers leads zerohash capital raise, as Morgan

September 23, 2025 08:00 ET

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Zero Hash Holdings LLC

Zero Hash Holdings LLC

NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) —  The leading crypto and stablecoin infrastructure platform–zerohash–today announced a $104 million Series D-2 raise. Led by Interactive Brokers, one of the world’s largest and most trusted brokerage firms, the round also saw new participation from major institutions including Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC and Liberty City Ventures. Existing investors, including PEAK6, tastytrade, and Nyca Partners also participated in the round. This raise marks the first crypto and stablecoin investments for many of these marquee institutions.

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