Grvt Raises $19M to Pioneer Privacy-First Onchain Finance and Unlock Trillion-Dollar Markets
Grvt, the preeminent DEX (decentralized trade) for onchain monetary privateness that’s powered by zero-knowledge (“ZK”) know-how, at this time introduced the shut of a $19 million Series A funding spherical. This funding strengthens Grvt’s pioneering place as the worldwide blueprint for the way forward for finance, accelerating its mission to disrupt the fragmented onchain finance ecosystem by addressing longstanding {industry} challenges, together with privateness vulnerabilities, safety, scalability and accessibility.
As Wall Street embraces blockchain know-how, the subsequent chapter of world finance is being written, and it’s occurring onchain. In August, Ethereum’s onchain quantity reached over $320 billion, its highest degree since mid-2021. Research additionally initiatives the DeFi sector to surge from $32.36 billion in 2025 to over $1.5 trillion by 2034.
However, this potential stays untapped due to vital considerations raised by a surge of points on decentralized platforms. These points embody “whale looking”, the place massive trades are front-run or exploited by refined actors scanning the mempool. Such ways lead to billions in annual losses from most extractable worth (MEV) assaults and different manipulative ways. Further challenges embody good contract exploits, compliance hurdles on public chains, a siloed onchain ecosystem, and a scarcity of ease of use for on a regular basis folks.
Grvt is the one participant within the discipline with a strong head begin and tech infrastructure to change that. The Series A spherical was co-led by Grvt’s foundational know-how companion ZKsync; Further Ventures, a number one capital markets infrastructure funding agency based mostly in Abu Dhabi, which additionally led the strategic funding spherical into Grvt (deal closed final December); EigenCloud (fka EigenLayer), a verifiable cloud platform that lets builders construct any software; and 500 Global (previously 500 Startups), a enterprise capital agency with $2.3B in AUM investing in founders with a worldwide outlook constructing fast-growing startups.
Majority of the funds raised will speed up Grvt’s multi-pronged product technique, designed to serve each energetic merchants and passive traders. This distinctive method is absent from the present trade scene, solidifying Grvt’s unequalled place to dominate and unify the fragmented onchain monetary panorama and carry it to mainstream. Key pipelines embody:
- Fixed Yield Generation Flywheel: An industry-first yield automobile that lets customers effortlessly transfer funds between their funding, buying and selling, and vault accounts, and maximize returns.
- Infrastructure: Keep strengthening Grvt’s privacy-by-default infrastructure which is missing within the {industry}.
- Stablecoin-Enabled System: A sturdy stablecoin enterprise basis, together with cross-exchange vaults and real-world asset (RWA) integrations.
The remaining funds will gas neighborhood initiatives and expertise acquisition to drive international growth.
Hong Yea, co-founder and CEO at Grvt, commented: “Onchain finance has been held again by privateness gaps that expose customers to exploitation. By constructing a privacy-driven, scalable, and trustless DEX that provides a wide selection of structured merchandise, Grvt exemplifies how ZK-powered options will turn out to be the brand new regular for everybody, realizing the imaginative and prescient of an open and safe onchain finance world.”
Alex Gluchoski, co-founder and CEO at Matter Labs, commented: “We imagine ZK is the ‘HTTPS second’ for crypto. Just as HTTPS took the web mainstream by including a layer of belief and privateness, ZK will do the identical for Web3. Grvt is uniquely positioned to be probably the most liquid and impactful software layer to assist understand this imaginative and prescient, their dedication and progress excellently demonstrates how ZK can carry onchain finance to mainstream.”
Faisal Al Hammadi, Managing Partner, Further Ventures, “Further Ventures is dedicated to backing the subsequent technology of monetary infrastructure from Abu Dhabi to the world. Grvt’s software of zero-knowledge proofs demonstrates how cutting-edge cryptography can underpin markets at institutional scale, and we’re proud to assist their imaginative and prescient for a very borderless monetary system.”
Sreeram Kannan, Founder and CEO at Eigen Labs, “Verifiable information powers verifiable compute, and with EigenDA now at 100 MB/s, the bottleneck has shifted from information to compute. Grvt is tackling that frontier head-on. Their formidable imaginative and prescient is matched by the caliber of their group, and we’re thrilled to again them alongside ZKSync in bringing onchain finance to cloud scale with the safety and privateness it requires.”
Min Kim, General Partner at 500 Global, commented: “We imagine the subsequent frontier of finance will probably be constructed onchain, and privateness is a foundational factor to unlock its full potential. Grvt’s imaginative and prescient of mixing ZK know-how with institutional-grade infrastructure aligns strongly with our thesis of backing international founders who’re re-architecting core monetary programs. We’re excited to companion with Grvt as they set a brand new customary for safe, personal, and accessible onchain markets.”
A Collective Charge to Lead and Consolidate Onchain Finance
By implementing zero-knowledge (“ZK”) know-how and integrating with the ZKsync know-how which has been explored in proofs-of-concept by main establishments like Deutsche Bank, UBS and extra, Grvt is uniquely positioned as a blockchain-native international blueprint for what ZK is in a position to obtain for finance, making on a regular basis buying and selling and investing safe, quick, personal, and accessible. This is how the ZKsync Stack helps resolve key bottlenecks when bringing finance onchain:
- Privacy: Grvt runs a ZKsync Validium L2 blockchain that validates L2 state with out publishing it, thereby guaranteeing privateness, a problem that has lengthy plagued most DeFi protocols.
- Ethereum-level Security: With ZK proofs, L2 transactions inherit Ethereum-level safety. Every batch of transactions is verified immediately on Ethereum, which means despite the fact that transactions are processed off-chain for pace and low value, their validity is mathematically assured. If any transaction have been invalid, the proof would fail and Ethereum would reject it.
- Scalability: The ZKsync Stack improves scalability by working as a L2 resolution, enabling the processing of considerably extra transactions than Ethereum’s base layer.
- Accessibility: ZKsync know-how makes transactions cheaper by dealing with them off-chain in bulk and solely posting the important proofs to Ethereum’s base layer, slicing settlement prices dramatically.
As a key funding arm of Abu Dhabi’s strategic push into the blockchain house, Further Ventures’ co-leadership of the Series A spherical consolidates its main place as a vital drive in shaping onchain finance globally.
As one of many fastest-growing developer ecosystems in crypto, EigenCloud’s EigenDA, the #1 information availability resolution for Ethereum rollups, gives Grvt with the size and safety wanted to function at cloud pace. By anchoring information to a decentralized validator community, EigenDA ensures that Grvt’s ZK stack stays each verifiable and scalable. Looking forward, Grvt may also faucet into EigenDA’s programmable privateness options, which resolve the long-standing paradox between information availability and privateness. This breakthrough permits Grvt to mix information availability with privateness ensures, an achievement as soon as thought unimaginable.
Looking Ahead
Building on Grvt’s progressive basis, which has already delivered a number of {industry} firsts – resembling a -1 bps maker payment rebate for all maker orders (a profit historically reserved for establishments) – the instant subsequent step is the launch of our fixed-yield product. This product will guarantee a ten% rate of interest return for all customers. We may also introduce our flagship market-making technique, the Grvt Liquidity Provider (GLP), a fund technique that gives high double-digit APRs, which was as soon as inaccessible to retail merchants.
Amid the {industry}’s speedy development, this funding spherical establishes a sturdy, multi-layered basis. It combines cutting-edge know-how, institutional-grade infrastructure, and a safe information framework to create a platform that solidifies its robust place within the more and more crowded onchain monetary house.
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Disclaimer: Cryptocurrencies carry high dangers. This content material just isn’t a distribution of, or a proposal or solicitation to present, monetary providers or merchandise, nor a illustration as to their suitability or legality for you. Grvt just isn’t a regulated entity and your funds are usually not topic to regulatory safety. Before making any resolution based mostly on this content material, please search monetary and authorized recommendation, and rigorously evaluate our Risk Disclosure and Disclaimer in full.
Grvt Strategies: Grvt gives know-how options and good contract infrastructure for digital asset administration however doesn’t provide monetary, funding, or advisory providers. Grvt doesn’t endorse, advocate, or assure the efficiency or suitability of any funding methods made out there by means of the Strategies platform. All funding methods are developed and managed independently by third-party technique suppliers. Grvt doesn’t assume any accountability or legal responsibility for the efficiency of such methods or any losses incurred by customers. Users are solely liable for evaluating and accepting the dangers related to any funding selections made by means of the Strategies platform.
About Grvt
Grvt (pronounced “gravity”) is an onchain monetary platform constructed on the ZKsync Stack that ensures personal, trustless, scalable and safe infrastructure. Through its decentralized trade (“Grvt Exchange”) and funding market (“Grvt Strategies”), Grvt allows on a regular basis folks to commerce, make investments, and develop wealth transparently alongside world-class professionals.
Grvt official web site: https://Grvt.io/
For media inquiries, contact: press@Grvt.io
Social and Community: X | LinkedIn | Telegram | Discord
About ZKsync
ZKsync is the pioneering ZK know-how powering the subsequent technology of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync allows the Elastic Network—an ever-expanding community of customizable chains.
Your gateway to the accelerating digital financial system, ZKsync is utilized by main banks, establishments, and firms to future-proof their monetary infrastructure. Built on Ethereum, ZKsync delivers the privateness, scalability, and compliance wanted to subject belongings, energy funds, and launch new monetary merchandise—providing you with a safe basis to develop with confidence.
About Further Ventures
Further Ventures builds and invests in firms shaping the way forward for monetary markets.
Through a worldwide platform rooted in rising economies, Further connects next-generation monetary infrastructure with international capital markets. Our portfolio firms allow institutional companions to securely retailer and switch belongings, commerce structured merchandise, safe decentralized networks, tokenize funds, and settle complicated transactions with trustless precision.
From San Francisco to Hong Kong, founders select Further as their institutional co-founder of selection. We make concentrated capital commitments, collaborate intently with regulators, and carry deep area experience to construct category-defining firms on the frontier of finance.
Website: further.ae
Media inquiries: attain@additional.ae
About EigenCloud
EigenCloud is a developer cloud platform that lets builders construct any software onchain or offchain, with cryptoeconomic belief. It is powered by the EIGEN token and secured by Ethereum; it unifies information, compute, and verification right into a single developer expertise, making something verifiable onchain.
About 500 Global
500 Global is a enterprise capital agency with $2.3 billion in belongings below administration that invests early in founders constructing fast-growing know-how firms. Since its inception, 500 Global has backed over 2,700 firms throughout 80+ nations, together with 51+ unicorns resembling Credit Karma, Canva, Grab, Bukalapak, GitLab, Solana, and Udemy. With a group of greater than 190 professionals representing 25 nationalities, 500 Global is dedicated to uplifting folks and economies all over the world by means of entrepreneurship.
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