ZKsync-based hybrid DEX GRVT completes US$19 million Series A financing

Golden Finance reported that the Hybrid Decentralized Exchange (DEX) GRVT has successfully completed a US$19 million Series A financing, further promoting its development in the field of compliant and high-performance crypto trading. This round of financing was led by GRVT's technology partners ZKsync and FurtherVentures. FurtherVentures is an investment company backed by Abu Dhabi sovereign wealth fund. Other major supporters include EigenCloud (formerly EigenLayer) and 500Global. The GRVT team said that most of the funds raised will be spent on product development and engineering to expand its product range, including cross-chain interoperability, option markets and tokenized physical assets (RWAs). It is reported that GRVT is a "hybrid" DeFi platform designed to combine the user experience and regulatory compliance of centralized exchanges (CEXs), as well as the self-hosting, privacy and decentralized features of traditional DEXs. It positiones itself as the world's first licensed and regulated on-chain exchange. The platform launched its mainnet Alpha version on Ethereum Layer2 network ZKsync at the end of 2024, initially focusing on perpetual contract trading, and has now expanded to spot and options trading. GRVT is actively seeking licensing in multiple jurisdictions, including the EU MiCA license, Dubai VARA license and Abu Dhabi Global Market (ADGM) Capital Market License.