Decentralized exchange Grvt secured $19 million in Series A funding with backing from Further Ventures, ZKsync, EigenCloud, and 500 Global.
Funding and Expansion Goals
Hybrid decentralized exchange Grvt has announced the completion of a $19 million Series A funding round, pushing its total funding to $34 million. The round was jointly led by Further Ventures, supported by Abu Dhabi’s sovereign wealth fund, alongside contributions from ZKsync, EigenCloud, and 500 Global. According to the company, most of the capital will be allocated to engineering and product development, with a focus on enhancing infrastructure and expanding services for global markets.
Technology at the Core
Built on Ethereum’s ZKsync layer, Grvt employs a Validium-based system designed to deliver scalability while safeguarding transaction privacy. This technology enables lower transaction costs and strong security guarantees while minimizing exposure of user activity. Company officials explained that these capabilities are essential to bridging the gap between traditional finance and decentralized ecosystems, making Grvt suitable for both institutional participants and individual traders.
Executive Perspectives
Hong Yea, Co-Founder and CEO of Grvt, underlined that current blockchain systems often fail to protect users due to privacy gaps. He stated that Grvt’s mission is to deliver a decentralized trading platform powered by zero-knowledge proofs, ensuring that scalability and trust coexist with user confidentiality.
From the investor side, Faisal Al Hammadi, Managing Partner at Further Ventures, said their team is determined to back projects that can redefine financial infrastructure from Abu Dhabi to global markets. He noted that Grvt’s reliance on advanced cryptographic tools represents a significant step toward securing large-scale financial ecosystems.
Sreeram Kannan, CEO of Eigen Labs, emphasized that Grvt’s architecture addresses the bottleneck between computation and data in on-chain finance. He added that the project’s direction positions it to operate at cloud scale.
Market Implications
Grvt’s hybrid model aims to merge self-custody principles of decentralized finance with execution speed and compliance features of centralized exchanges. The platform already offers spot, derivatives, and options trading, while also developing features like RWA integration and programmable privacy with EigenDA.
Analysts suggest that Grvt’s ability to attract liquidity while satisfying regulatory requirements will be decisive in its growth. The latest funding round reflects investor confidence in solutions that balance privacy and scalability, especially at a time when oversight of digital assets is tightening globally.
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