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Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned.

The Series D round was led by Interactive Brokers , the global automated trading firm, and includes strategic investors who are also clients of Zerohash, founder and CEO Edward Woodford told CNBC in an interview. The company is valued at $1 billion, he said.

"We wanted to raise from the largest, most trusted brands in the world and have that be the bridge into this new technology," he said.

Funds managed by Apollo also participated in the round, according to Zerohash.

The startup is among a wave of firms

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