Interactive Brokers and the Billion-Dollar Stablecoin Gambit: A Tale of Zero Hash

by

Amid the bustling chaos of the financial world, where the echoes of electronic trades reverberate through the halls of Wall Street, a curious tale unfolds. The brokerage firm that operates the largest US electronic trading platform by daily average revenue, Interactive Brokers, is reportedly leading a funding round for the crypto and stablecoin infrastructure startup, Zero Hash. 🤑

Zero Hash, a name that might as well be a character from a Dostoevsky novel, provides the backend infrastructure that enables banks, brokerages, and fintech companies to offer cryptocurrencies, non-fungible tokens (NFTs), and other digital assets to their customers. It is a tale of modern alchemy, where the digital and the tangible merge in a dance of financial wizardry. 🎩✨

Citing sources familiar with the matter, Fortune reports that Zero Hash is poised to raise about $100 million at a nearly $1 billion valuation in a new funding round spearheaded by Interactive Brokers. A sum that would make even the most jaded of financiers raise an eyebrow. 🤔

In 2022, the startup raised $105 million in a Series D round, a round that saw the participation of the private investment firm Bain Capital, American hedge fund Point72 Ventures, and fintech venture capital firm Nyca. According to data from PitchBook, Zero Hash was valued at $340 million after the Series D capital raise. A mere pittance compared to the current valuation, but a sign of things to come. 📈

The latest push to raise additional capital comes amid the growing popularity of stablecoins—cryptocurrencies which are pegged to another asset such as the US dollar or commodities. A world where the digital and the physical are intertwined, a world where the future of finance is being written in lines of code. 🤖💰

In 2022, the payment processing company Stripe tapped Zero Hash’s infrastructure to launch an embeddable and customizable fiat-to-crypto on-ramp solution. And in 2024, Zero Hash teamed up with Securitize, a real-world asset tokenization platform, to allow qualified institutions to convert the USDC stablecoin into US dollars. A partnership that might as well be a marriage of convenience, a union of the old and the new. 🤝

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Read More

2025-07-13 22:01