Startup Zerohash raises $104M from Morgan Stanley, SoFi, Apollo
Edward Woodford is the founder and CEO of the crypto infrastructure company Zerohash.
Courtesy: Zerohash
Crypto infrastructure initiative Zerohash With the support of finance companies, including financing of $ 104 million. Morgan Stanley And Sofi, CNBC learned.
Under the leadership of the D series tour Interactive BrokersGlobal Automatic Commerce, and Zerohash, its founder and CEO Edward Woodford, is the customers of strategic investors. He said the company is worth $ 1 billion.
“We wanted to raise it from the world’s largest, most reliable brands and to be a bridge of this new technology,” he said.
Funds managed by Apollo According to Zerohash, he also joined the tour.
The beginning is among the wave of a company that is open to the public as well as specially held, using the more appropriate regulatory environment for crypto currencies under the President Donald Trump.
After Trump took office this year, the government made the former Securities and the Chairman of the Stock Exchange Commission Gary Gensler from being extremely skeptical to adopt him as a new technology.
Suddenly, CEOs of financial companies, including Morgan Stanley and Bank of America They expressed confidence that they would be involved. Sofi CEO Anthony Noto In April, CNBC told him that he was ready to bring back the crypto trade after the regulatory shift.
Founded in 2017, Zerohash, according to Woodford, offers banks and Fintech companies the ability to offer blockchain -based products in three main areas: crypto trade, stablecoins and TOKIYATION.
“Some of this increase is clearly accelerating [adoption] In all three of these sectors, a series of customers who are investors. ”
Interactive brokers already use zerohash crypto trade Woodford said it would start a stablecoin product with custody and company.
Woodford said that he could not comment on whether Morgan Stanley and Sofi were a customer, and suggested the future of the announcements. Morgan Stanley and Sofi spokesman refrained from commenting.
“These groups are not vc,” Woodford said. “You can assume that there are a few announcements with other investors.”
