Based on zero-knowledge proof (ZK) technology, the on-chain privacy decentralized trading platform Grvt announced today the completion of a $19 million Series A financing round. This investment solidifies Grvt's position as a pioneer in the global future financial blueprint and accelerates its mission to disrupt the existing fragmented on-chain financial ecosystem by addressing long-standing industry challenges such as privacy vulnerabilities, security, scalability, and usability.

As Wall Street embraces blockchain technology, a new chapter in global finance is being written on-chain. In August of this year, Ethereum's on-chain transaction volume exceeded $320 billion, reaching its highest level since mid-2021. Research also predicts that the decentralized finance (DeFi) sector will soar from $32.36 billion in 2025 to over $1.5 trillion by 2034.

However, this potential has yet to be fully realized due to a series of issues arising on decentralized platforms. These issues include "whale hunting," where large trades are front-run or exploited by sophisticated traders scanning the mempool. Such strategies result in billions of dollars in losses each year due to maximum extractable value (MEV) attacks and other manipulative behaviors. Additionally, challenges such as smart contract vulnerabilities, compliance barriers on public chains, isolated on-chain ecosystems, and the lack of usability for ordinary users are also prevalent.

Grvt is the only participant in this field with a solid first-mover advantage and technical infrastructure to change this status quo. This round of financing was co-led by Grvt's core technology partner ZKsync and Further Ventures, a capital market infrastructure investment company based in Abu Dhabi. Further Ventures had previously led Grvt's strategic investment round last December. Other participants include the decentralized verifiable cloud platform EigenCloud (formerly EigenLayer) and the venture capital firm 500 Global (formerly 500 Startups), which manages assets of $2.3 billion and focuses on global entrepreneurs.

Most of the funds raised will be used to accelerate Grvt's multi-pronged product strategy, aimed at serving both active traders and passive investors. This unique approach is missing in the current trading platform landscape, thereby consolidating Grvt's unique position to unify and dominate the fragmented on-chain financial landscape and bring it to the mainstream. Key product lines include:

• Fixed Yield Generation Flywheel: The industry's first yield tool that allows users to easily transfer funds between their accounts, trades, and vaults to maximize returns.

• Infrastructure: Continuously strengthening Grvt's default privacy infrastructure, which is currently lacking in the industry.

• Stablecoin Empowerment System: A robust stablecoin business foundation, including cross-platform vaults and real-world asset (RWA) integration.

Strong Partnerships to Accelerate On-Chain Finance

Through zero-knowledge proof technology, combined with the ZKsync technology that has been concept-validated by institutions such as Deutsche Bank and UBS, Grvt is building a blockchain-native global model that showcases the potential of ZK technology in the financial sector, making everyday trading and investing secure, fast, private, and accessible to everyone.

The ZKsync technology stack helps address key bottlenecks in on-chain finance:

• Privacy: Grvt is built on the ZKsync-based Validium layer-2 blockchain, which verifies states without disclosing data, thus ensuring privacy and solving long-standing issues that have plagued DeFi protocols.

• Ethereum-level Security: Layer-2 transactions inherit Ethereum's security through ZK proofs. All transaction batches are verified on Ethereum, ensuring their validity through mathematical proof, even if transactions are completed off-chain to enhance speed and reduce costs.

• Scalability: As a layer-2 solution, ZKsync significantly enhances scalability, capable of handling transaction volumes far exceeding those of the Ethereum mainnet.

• Accessibility: By processing transactions in batches off-chain and only submitting necessary proofs to Ethereum, settlement costs are significantly reduced, making transactions cheaper.

As an important investment arm for blockchain strategic layout in Abu Dhabi, Further Ventures' leading position further solidifies its key role in the global development of on-chain finance.

At the same time, the rapidly growing developer ecosystem EigenCloud provides Grvt with scale and security assurance. Its core product EigenDA is the preferred data availability solution for Ethereum Rollups. By anchoring data through a distributed validator network, Grvt's ZK technology stack ensures both verifiability and scalability. In the future, Grvt will also leverage EigenDA's programmable privacy features to address the long-standing conflict between data availability and privacy.

Comments from Investors and Founding Team

• Hong Yea, Co-founder and CEO of Grvt: "Privacy is the uncompromising cornerstone of the future of on-chain trading and investing. Grvt is building a privacy-centric, scalable, and trustless DEX, offering a diverse range of structured products that demonstrate how ZK solutions can become the new norm, driving an open and secure on-chain financial world. This financing is a strong endorsement of our vision."

• Alex Gluchoski, Co-founder and CEO of Matter Labs: "We believe ZK is the 'HTTPS moment' for the crypto industry. Just as HTTPS brought the internet to the mainstream by increasing trust and privacy, ZK will bring a similar turning point for Web3. Grvt is uniquely positioned at the core of this vision."

• Faisal Al Hammadi, Managing Partner of Further Ventures: "Further Ventures is committed to supporting the next generation of financial infrastructure. Grvt's application of zero-knowledge proofs demonstrates how cutting-edge cryptography can support institutional-grade markets, and we are proud to partner with them to build a borderless financial system."

• Sreeram Kannan, Founder and CEO of Eigen Labs: "Verifiable data drives verifiable computation. As EigenDA reaches 100 MB/s, the bottleneck has shifted from data to computation. Grvt is directly addressing this frontier, and its team's strength aligns well with its vision."

• Min Kim, Partner at 500 Global: "We firmly believe that the next frontier of finance will be built on-chain, and privacy is key to unlocking its full potential. Grvt's vision of combining ZK technology with institutional-grade infrastructure aligns perfectly with our mission to support global entrepreneurs in reshaping the financial system."

Looking Ahead

Grvt is built on several industry-first innovations—such as offering a -1 basis point maker fee rebate for all orders, a benefit traditionally limited to institutions—its next step is to immediately launch fixed income products. This product will ensure all users receive a 10% interest rate return. We will also launch the flagship market-making strategy Grvt Liquidity Provider (GLP), a fund strategy that offers retail traders high double-digit annual percentage returns (APR), which were previously out of reach for them.

In the context of rapid industry growth, this financing establishes a solid multi-layered foundation. It combines cutting-edge technology, institutional-grade infrastructure, and a secure data framework to create a platform that solidifies its strong position in the increasingly crowded on-chain finance space.

Risk Warning

Cryptocurrencies carry a high level of risk. This content does not constitute the distribution, offer, or solicitation of financial services or products, nor does it guarantee their applicability or legality. Grvt is not a regulated entity, and user funds are not protected by regulation. Please seek professional financial and legal advice before making any decisions and carefully read the complete risk disclosure and disclaimer.

Grvt Strategies: Grvt provides technological solutions for digital asset management and smart contract infrastructure but does not offer financial, investment, or consulting services. All investment strategies are independently developed and managed by third parties, and Grvt is not responsible for their performance or user losses.

About Grvt

Grvt (pronounced "gravity") is built on the ZKsync technology stack, providing privacy, trustlessness, scalability, and secure on-chain financial infrastructure. Through its decentralized trading platform (Grvt Exchange) and investment market (Grvt Strategies), Grvt enables every user to trade and invest transparently alongside global professionals.

This article is contributed and does not represent the views of BlockBeats.

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