Interactive Brokers invests $100 million in Zero Hash!

Interactive Brokers invests $100 million in Zero Hash!

Interactive Brokers has taken a lead role in stablecoin startup Zero Hash’s funding round. The current round of financing is around $100 million and values ​​the company at nearly $1 billion. This move highlights the growing interest among established financial institutions in cryptocurrencies and digital assets. Zero Hash offers cryptocurrency and digital asset trading solutions to banks, brokers and fintech companies, making it an influential player in the stablecoin space.

Zero Hash was founded in 2017 and has since established itself as an important infrastructure for the crypto and stablecoin space. Back in 2022, the company raised $105 million in a Series D funding round that included investors such as Bain Capital and Point72 Ventures. This previous round valued Zero Hash at $340 million, according to PitchBook data. With the new funding, Zero Hash plans to further expand and scale its services.

Partnerships and developments

The company works closely with various partners to offer innovative solutions. A significant partnership is with Stripe, allowing businesses to seamlessly switch between fiat currency and stablecoins. By collaborating with Securitize, qualified institutions can easily convert the USDC stablecoin into US dollars, creating new opportunities for financial transactions.

Developments in the area of ​​stablecoins could bring about a fundamental change in the way financial transactions are processed. Experts agree that providing infrastructure for digital assets is crucial to the future of finance. Zero Hash acts as a link in the stablecoin ecosystem and offers developer tools to support the transition from cash to stablecoins.

Market development and outlook

The cryptocurrency market is currently showing signs of recovery. Bitcoin has hit new all-time highs and the market cap of Circle, another stablecoin issuer, is now around $46 billion after a successful IPO in June. In addition, Fortune 500 companies such as Walmart and Amazon are showing interest in stablecoin technology, and major tech companies such as Meta, Apple, Airbnb and Google have been in discussions with crypto companies about integrating stablecoins into their payment infrastructure.

Zero Hash’s funding round, led by Interactive Brokers, is significant not only for the future of the company, but also for the entire industry. It confirms the continued growth and increasing importance of stablecoins and digital assets in modern finance. Developments in this sector could significantly impact the way financial institutions operate and interact with technology.