Grvt Raises $19M to Pioneer Privacy-First Onchain Finance and Unlock Trillion-Dollar Markets

Grvt, the preeminent DEX (decentralized alternate) for onchain monetary privateness that’s powered by zero-knowledge (“ZK”) know-how, immediately introduced the shut of a $19 million Collection 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 Road embraces blockchain know-how, the following chapter of worldwide finance is being written, and it’s taking place onchain. In August, Ethereum’s onchain quantity reached over $320 billion, its highest stage since mid-2021. Analysis additionally tasks the DeFi sector to surge from $32.36 billion in 2025 to over $1.5 trillion by 2034. 

Nonetheless, this potential stays untapped resulting from essential considerations raised by a surge of points on decentralized platforms. These points embrace “whale searching”, the place massive trades are front-run or exploited by refined actors scanning the mempool. Such ways result in billions in annual losses from most extractable worth (MEV) assaults and different manipulative ways. Additional challenges embrace sensible 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 stable head begin and tech infrastructure to vary that. The Collection A spherical was co-led by Grvt’s foundational know-how associate ZKsync; Additional Ventures, a number one capital markets infrastructure funding agency primarily based 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 utility; and 500 International (previously 500 Startups), a enterprise capital agency with $2.3B in AUM investing in founders with a world 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 buyers. This distinctive method is absent from the present alternate scene, solidifying Grvt’s unmatched place to dominate and unify the fragmented onchain monetary panorama and produce it to mainstream. Key pipelines embrace:

Fastened Yield Technology 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: Maintain strengthening Grvt’s privacy-by-default infrastructure which is missing within the {industry}.

Stablecoin-Enabled System: A strong 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 world 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 consider ZK is the ‘HTTPS second’ for crypto. Simply 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 utility layer to assist notice this imaginative and prescient, their dedication and progress excellently demonstrates how ZK can deliver onchain finance to mainstream.”

Faisal Al Hammadi, Managing Associate, Additional Ventures, “Additional Ventures is dedicated to backing the following technology of economic infrastructure from Abu Dhabi to the world. Grvt’s utility 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 staff, 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, Common Associate at 500 International, commented: “We consider the following frontier of finance shall be constructed onchain, and privateness is a foundational aspect 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 world founders who’re re-architecting core monetary methods. We’re excited to associate with Grvt as they set a brand new commonplace for safe, non-public, and accessible onchain markets.”

A Collective Cost 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 Financial institution, UBS and extra, Grvt is uniquely positioned as a blockchain-native world blueprint for what ZK is ready to obtain for finance, making on a regular basis buying and selling and investing safe, quick, non-public, and accessible. That is how the ZKsync Stack helps remedy key bottlenecks when bringing finance onchain:

Privateness: Grvt runs a ZKsync Validium L2 blockchain that validates L2 state with out publishing it, thereby making certain privateness, a problem that has lengthy plagued most DeFi protocols.

Ethereum-level Safety: With ZK proofs, L2 transactions inherit Ethereum-level safety. Each batch of transactions is verified straight on Ethereum, which means that despite the fact that transactions are processed off-chain for velocity and low value, their validity is mathematically assured. If any transaction had 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, reducing settlement prices dramatically.

As a key funding arm of Abu Dhabi’s strategic push into the blockchain area, Additional Ventures’ co-leadership of the Collection A spherical consolidates its main place as a essential pressure 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, offers Grvt with the dimensions and safety wanted to function at cloud velocity. By anchoring information to a decentralized validator community, EigenDA ensures that Grvt’s ZK stack stays each verifiable and scalable. Wanting forward, Grvt will even 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 not possible.

Wanting Forward

Constructing on Grvt’s modern basis, which has already delivered a number of {industry} firsts – resembling a -1 bps maker charge rebate for all maker orders (a profit historically reserved for establishments) – the fast subsequent step is the launch of our fixed-yield product. This product will guarantee a ten% rate of interest return for all customers. We will even introduce our flagship market-making technique, the Grvt Liquidity Supplier (GLP), a fund technique that gives excessive double-digit APRs, which was as soon as inaccessible to retail merchants.

Amid the {industry}’s speedy development, this funding spherical establishes a strong, 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 area.

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Disclaimer: Cryptocurrencies carry excessive dangers. This content material shouldn’t be a distribution of, or a suggestion or solicitation to offer, monetary companies or merchandise, nor a illustration as to their suitability or legality for you. Grvt shouldn’t be a regulated entity and your funds are usually not topic to regulatory safety. Earlier than making any choice primarily based on this content material, please search monetary and authorized recommendation, and punctiliously evaluation our Threat Disclosure and Disclaimer in full.

Grvt Methods: Grvt offers know-how options and sensible contract infrastructure for digital asset administration however doesn’t supply monetary, funding, or advisory companies. Grvt doesn’t endorse, advocate, or assure the efficiency or suitability of any funding methods made out there via the Methods platform. All funding methods are developed and managed independently by third-party technique suppliers. Grvt doesn’t assume any duty or legal responsibility for the efficiency of such methods or any losses incurred by customers. Customers are solely chargeable for evaluating and accepting the dangers related to any funding choices made via the Methods platform.

About Grvt

Grvt (pronounced “gravity”) is an onchain monetary platform constructed on the ZKsync Stack that ensures non-public, trustless, scalable and safe infrastructure. By way of its decentralized alternate (“Grvt Trade”) and funding market (“Grvt Methods”), 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: [email protected] 

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About ZKsync

ZKsync is the pioneering ZK know-how powering the following technology of builders with limitless scale. Secured by math and designed for native interoperability, ZKsync allows the Elastic Community—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. Constructed on Ethereum, ZKsync delivers the privateness, scalability, and compliance wanted to challenge belongings, energy funds, and launch new monetary merchandise—providing you with a safe basis to develop with confidence.

About Additional Ventures

Additional Ventures builds and invests in firms shaping the way forward for monetary markets.

By way of a world platform rooted in rising economies, Additional connects next-generation monetary infrastructure with world 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 Additional as their institutional co-founder of selection. We make concentrated capital commitments, collaborate intently with regulators, and produce deep area experience to construct category-defining firms on the frontier of finance.

Web site: additional.ae

Media inquiries: [email protected] 

About EigenCloud

EigenCloud is a developer cloud platform that lets builders construct any utility onchain or offchain, with cryptoeconomic belief. It’s 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 International

500 International is a enterprise capital agency with $2.3 billion in belongings underneath administration that invests early in founders constructing fast-growing know-how firms. Since its inception, 500 International has backed over 2,700 firms throughout 80+ international locations, together with 51+ unicorns resembling Credit score Karma, Canva, Seize, Bukalapak, GitLab, Solana, and Udemy. With a staff of greater than 190 professionals representing 25 nationalities, 500 International is dedicated to uplifting folks and economies world wide via entrepreneurship.

About The Creator

Gregory, a digital nomad hailing from Poland, shouldn’t be solely a monetary analyst but in addition a worthwhile contributor to numerous on-line magazines. With a wealth of expertise within the monetary {industry}, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at the moment devoted to writing a ebook about cryptocurrency and blockchain.

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