Stablecoin infrastructure startup Zerohash plans to raise $100 million, led by Interactive Brokers

ChainCatcher news, according to Fortune, cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $1 billion. Publicly traded online broker Interactive Brokers will lead this funding round.

Founded in 2017, Zerohash provides backend infrastructure for banks, brokers, and fintech companies, helping them launch cryptocurrencies, NFTs, and other digital assets to their customers. The company has become an influential player in the booming stablecoin space, which consists of cryptocurrencies pegged to underlying assets like the US dollar.