ZeroHash, a crypto and stablecoin infrastructure provider, has raised $104 million in a Series D-2 round led by Interactive Brokers (IBKR), valuing the company at $1 billion. The raise marks the first crypto and stablecoin investments for several big players, signaling growing demand from financial institutions to build on-chain solutions at scale. Founded in 2017, Zerohash provides APIs and embeddable developer tools that enable financial institutions and fintechs to offer crypto, stablecoin and tokenization products. The fundraising comes as demand for enterprise-grade crypto infrastructure grows, with more financial institutions seeking to offer tokenized assets, stablecoins and on-chain settlement at scale. Read more: Morgan Stanley Crypto Trading Ambitions Drawing Nearer: Bloomberg