Cryptocurrency infrastructure startup Zerohash has successfully raised $104 million in a Series D funding round, elevating its valuation to $1 billion. The round was led by Interactive Brokers, with significant participation from Morgan Stanley, SoFi, and Apollo's fund. Zerohash, founded in 2017, specializes in enabling banks and fintech firms to develop blockchain-based products, focusing on cryptocurrency trading, stablecoins, and tokenization. Interactive Brokers, a current user of Zerohash's trading and custody services, plans to collaborate on a new stablecoin product. While Zerohash's CEO Edward Woodford did not confirm if Morgan Stanley and SoFi are clients, he suggested that further announcements are forthcoming.