Decentralized exchange GRVT completes $19 million Series A financing, led by ZKsync and Further Ventures

the hybrid decentralized exchange GRVT based on ZKsync has announced the completion of a $19 million Series A funding round. This round was co-led by GRVT's technical partner ZKsync and Further Ventures, the latter being an investment company supported by the Abu Dhabi sovereign wealth fund.

It is reported that the Alpha version of the GRVT mainnet will officially launch on the Ethereum Layer 2 network ZKsync by the end of 2024. As a hybrid decentralized exchange, GRVT aims to combine the high performance of centralized exchanges with the security and transparency advantages of decentralized exchanges, providing users with a superior trading experience. GRVT plans to use the new funds to expand its product offerings, including cross-exchange vaults, cross-chain interoperability, options markets, and real assets.