Zerohash Raises $104M Series D at $1B Valuation: Interactive Brokers Leads Crypto On-Ramp Expansion

Zerohash, a crypto infrastructure provider, raised $104 million in Series D funding at a $1 billion valuation on September 23, 2025, led by Interactive Brokers with participation from Morgan Stanley, Bolt, Ribbit Capital, and Coinbase Ventures. This Zerohash Series D funding will fuel global scaling of fiat-to-crypto on-ramps, serving 100+ exchanges and processing $10 billion+ in volume. In a $3.5 trillion cryptocurrency market, the Zerohash Series D funding underscores institutional demand for compliant infrastructure amid stablecoin growth. This article covers the Zerohash Series D funding details, investors, strategic plans, and market outlook.

Funding Round Breakdown

The Zerohash Series D funding marks the company's unicorn status, with proceeds allocated to engineering, compliance, and product expansion. Founded in 2018, Zerohash enables seamless fiat-crypto conversions via APIs for wallets and exchanges. CEO Bo Shen highlighted: "This investment accelerates our mission to make crypto accessible worldwide." The Zerohash Series D funding builds on prior rounds, targeting $50 billion annual volume by 2026.

• Amount: $104 million.
• Valuation: $1 billion.
• Volume: $10 billion+ processed.

Lead Investor and Backers

Interactive Brokers led the Zerohash Series D funding, leveraging its trading platform expertise for crypto integration. Morgan Stanley, Bolt, Ribbit Capital, and Coinbase Ventures joined, signaling TradFi-crypto convergence. This Zerohash Series D funding reflects confidence in on-ramps for the $279.8 billion stablecoin market, where USDT leads at $172.3 billion.

• Lead: Interactive Brokers.
• Participants: Morgan Stanley, Bolt, Ribbit, Coinbase.
• Quote: Shen on global access.

Strategic Growth Plans

The Zerohash Series D funding prioritizes multi-chain support, regulatory compliance, and API enhancements for faster settlements. Zerohash serves clients like MoonPay and integrates with 100+ platforms, reducing friction in fiat-crypto flows. The Zerohash Series D funding aims to expand to emerging markets, capitalizing on remittances and DeFi inflows.

• Focus: Multi-chain, compliance.
• Clients: MoonPay, 100+ exchanges.
• Goal: $50B volume by 2026.

Market Implications

The Zerohash Series D funding bolsters crypto gateways in a $3.5 trillion market, facilitating stablecoin adoption for payments and DeFi. It could accelerate institutional entry, competing with Circle's USDC infrastructure. The Zerohash Series D funding highlights the on-ramp bottleneck's resolution potential.

• Stablecoins: $279.8B market.
• USDT: $172.3B dominance.
• Entry: Institutional inflows.

Key Takeaways

Zerohash's $104 million Series D at $1 billion valuation, led by Interactive Brokers on September 23, 2025, drives crypto infrastructure growth in a $3.5 trillion market. Monitor expansions for volume surges. Explore API tools for business integration. Diversify on-ramp providers for efficiency.