Stablecoin infrastructure startup Zerohash is reportedly nearing a $100 million funding round that could value the company at nearly $1 billion, placing it at the threshold of unicorn status. According to sources familiar with the matter, publicly traded online brokerage Interactive Brokers is leading the investment.
Funding Details and Soaring Valuation
This new capital raise follows Zerohash's Series D round in 2022, when the company secured $105 million from investors including Bain Capital and Point72 Ventures at a valuation of $340 million. The sharp increase in valuation — nearly tripling in three years — underscores the red-hot demand for stablecoin infrastructure as the digital asset ecosystem expands.
Company Background and Core Value Proposition
Founded in 2017, Zerohash provides the backend infrastructure that enables banks, brokerages, and fintech companies to offer cryptocurrencies, NFTs, and other digital assets to their customers. The company has become a key player in the stablecoin sector, helping clients like fintech giant Stripe facilitate conversions from cash to stablecoins through its network of banking relationships. It has also worked with firms like Securitize to help traditional finance titans, including Blackrock, enter the asset tokenization space. Zerohash's developer tools allow customers to seamlessly move between cash and stablecoins, positioning the company as a vital “connective tissue” for the entire stablecoin ecosystem.
Industry Boom: The “Stablecoin Summer”
Zerohash is not the only stablecoin-focused startup attracting significant capital. In December 2024, BVNK raised $50 million at a valuation of around $750 million. In March 2025, Mesh announced an $82 million funding round. More recently, Agora, a stablecoin company co-founded by Nick van Eck, secured $50 million in a round led by crypto investor Paradigm. This wave of investment has been dubbed a “stablecoin summer” by industry observers.
Regulatory Tailwinds and Big Tech Interest
The surge in investment is being driven by several factors, including legislative progress in the United States. The U.S. Senate recently passed a bill to regulate stablecoins, offering clearer compliance frameworks. The unprecedented success of pioneering stablecoin issuers — particularly Tether and Circle — has profoundly reshaped the financial landscape. Tether's USDT now commands a staggering market capitalization of over $160 billion, while Circle's USDC has a market cap of around $62 billion. Amid this regulatory push and market boom, major corporations are showing increased interest. Big tech firms like Meta, Apple, and Google, as well as retailers such as Walmart and Amazon, have reportedly spoken with crypto companies about integrating stablecoins into their payments infrastructure.
Outlook
Unlike companies that issue their own stablecoins, Zerohash serves as the critical middleware enabling the conversion between fiat and digital dollars. As stablecoin use cases expand from crypto trading to cross-border payments, merchant settlements, and other traditional finance applications, Zerohash's role as a bridge between traditional finance and digital assets becomes increasingly vital. With the new capital, the company is expected to accelerate product development and market expansion, further solidifying its position as a leading stablecoin infrastructure provider.