Zerohash Achieves Unicorn Status with $104M Series D Funding from Morgan Stanley, SoFi, Apollo

Crypto infrastructure trailblazer Zerohash has successfully closed a Series D funding round, raising $104 million and achieving a valuation of $1 billion. The significant investment sees backing from major financial institutions including Morgan Stanley, SoFi, and Apollo, with Interactive Brokers leading the round, CNBC has learned.

Founder and CEO Edward Woodford emphasized the strategic nature of the investors, many of whom are also clients. “We wanted to raise from the largest, most trusted brands in the world and have that be the bridge into this new technology,” Woodford stated in an interview.

The funding arrives amidst a rapidly evolving and increasingly favorable regulatory landscape for cryptocurrencies, particularly under the current administration. With President Donald Trump having taken office this year, the government’s stance on crypto has shifted from skepticism to embracing it as an emerging technology, prompting renewed interest from traditional financial giants.

Zerohash, established in 2017, empowers banks and fintech firms to integrate blockchain-based products across three core areas: crypto trading, stablecoins, and tokenization. Interactive Brokers is already leveraging Zerohash for crypto trading and custody, and plans to launch a stablecoin product in collaboration with the firm.

While Woodford remained tight-lipped about specific client relationships with Morgan Stanley and SoFi, he hinted at upcoming announcements, noting that these investors are not traditional VCs. “You can assume that there’s obviously a couple of announcements coming down the road with these other investors,” he added. Shortly after the funding news, a memo obtained by CNBC confirmed Morgan Stanley’s plans to offer crypto trading via its E-Trade division, powered by Zerohash, signaling a major move into the digital asset space.

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