Wall Street Backs Zerohash: $104M Raise, $1B Valuation 🦄
Hey FinTech Fanatic!
Crypto is back in the headlines in a big way.
Chicago-based startup Zerohash just closed a $104 million Series D round, valuing the company at $1 billion.
The roster of backers? A who’s who of Wall Street and FinTech: Morgan Stanley, SoFi, Apollo, and Interactive Brokers (who also led the round and happens to be a client).
Zerohash isn’t a consumer-facing brand—it’s the infrastructure provider helping banks and FinTechs roll out crypto trading, stablecoins, and tokenization.
Zerohash CEO Edward Woodford framed it like this: “We wanted the biggest, most trusted names in finance to be our bridge into this new technology.”
In other words: this wasn’t about chasing VC money—it was about locking in strategic investors who are also future clients.
Woodford hinted that more announcements are coming soon, suggesting we’ve only seen the first wave of big-bank crypto adoption through Zerohash.
On another note: I stopped by Revolut’s brand-new HQ in Canary Wharf yesterday, and let’s just say they dropped some massive updates 🤯 I’ll link you over to my Digital Banking Daily Newsletter so you don’t miss those 👀.
Cheers,
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M&A
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