Morgan Stanley And SoFi Join $104M ZeroHash Funding Round That Creates New $1B Crypto Infrastructure Unicorn In 2025

Core Insights - ZeroHash has achieved unicorn status with a valuation of $1 billion after securing $104 million in Series D-2 financing [1] - The investment round was led by Interactive Brokers, with participation from Morgan Stanley, SoFi Technologies, and Apollo Global Management [1][2] - This funding round marks the first cryptocurrency infrastructure investment for several major Wall Street institutions [2] Company Developments - ZeroHash aims to be the "Amazon Web Services" of on-chain infrastructure, highlighting its role in the cryptocurrency ecosystem [4] - The total funding raised by ZeroHash since its inception in 2017 now stands at $275 million, which will be used for product expansion and talent growth [4] - The company is positioned to support on-chain innovation for leading financial institutions [4] Industry Trends - The investment reflects a growing interest among financial institutions in blockchain technology and its adoption [5] - Executives from major banks are reportedly spending over 50% of their time on blockchain innovation, indicating a significant shift in focus within the financial services sector [6]