Fast growing crypto and stablecoin startup, Zerohash increases $ 104 million

In an area crowded with infrastructure companies, Zerohash has been carved out by helping financial institutions and fintechs to build their own products for stablecoins, crypto trading and tokenization. Stablecoins are cryptocurrencies supported by underlying assets such as the US dollar, and tokenization refers to the implementation of financial assets in blockchain packaging.

The other participants in the fundraising of the startup included traditional finance giants such as Morgan Stanley and Apollo Global Management. The fintech of the end of the Sofi public and the cryptographic branch of the high -frequency negotiation company Jump Trading also contributed, among others.

The valuation of $ 1 billion marks a significant leap compared to the last Tour of Zerohash in 2022, when he lifted an assessment of $ 340 million, according to Pitchbook. The estimate of the data aggregator is “almost correct,” said Edward Woodford, founder and CEO of Zerohash, but he refused to specify the assessment of his business in his previous fundraising.

The quasi-tripled in the value of Zerohash points out how the crypto, which contracted from 2022 to 2024, now mount another wave of media threshing. And the traditional financial institutions that support the startup are proof of how Wall Street investors, and not just a group of Cyphenpunk libertarians, lead the recent market increase.

“Crypto is no longer a problem debated at this stage in large institutional banks,” said Woodford.

Bridge to traditional finance

Although Woodford has been in crypto for almost a decade, he is not Cypherepunk. In 2015, he graduated with MIT with a master’s degree in finance and launched a Swaps platform for emerging basic products, such as industrial hemp.

He sold the company in 2017 to the Tastrade brokerage and, that same year, Woodford continued to build a new business. This company has traveled a variety of names and stylizations – CX, Zero #, Zero Hash and now Zerohash seeds – but it is still focused on the construction of cryptographic infrastructure for financial institutions.

More than eight years, Woodford has managed to set up several booms and cryptographic busts. “It is not only that we are a survivor,” he said. “We actually prospered on this market, and in fact now, I think we can accelerate this even more.”

But it is this crypto cycle, where each Wall Street company seems to accumulate in digital assets in the middle of the pro – crypto regulation of President Donald Trump, which seems to be tailor -made for Zerohash. “It is not that they did not already work on this genre,” referring to Woodford, referring to financial institutions. “But they were simply unable to move in space, and now there is a clear path so that they can do it.”

Although Woodford does not disclose the revenues of his startup or that it was profitable, he said that Zerohash had increased his first rank each year in the last three years, even during the winter of cryptography from 2022 to 2024.

Zerohash, which has around 200 employees, has three commercial verticals. It develops a marked white crypto brokerage that companies and interactive brokers can run to allow their customers to buy and sell digital assets like Bitcoin and Ethereum. It has a tokenization API, which helped, for example, BlackRock monetary market funds. And it builds Stablecoin networks to allow customers, including Stripe, send and receive the tokens more easily.

“Zerohash was able to grow with opposite winds,” said Woodford. “Imagine what it looks like with the tail winds.”