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

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2025-09-18 22:17:32
Hybrid decentralized exchange (DEX) GRVT has successfully completed a $19 million Series A funding round, furthering its growth in compliance, high-performance crypto trading. The round was co-led by GRVT's technology partner ZKsync and Further Ventures, an investment firm backed by Abu Dhabi's sovereign wealth fund. Other key backers include EigenCloud (formerly EigenLayer) and 500 Global.
The GRVT team said that the majority of the funds raised will be used for product development and engineering to expand its product range, including cross-chain interoperability, options markets, and tokenized real assets (RWAs).
GRVT is a "hybrid" DeFi platform designed to combine the user experience and regulatory compliance of Centralized Exchanges (CEXs) with the self-hosted, privacy and decentralized nature of traditional DEXs. It positions itself as the world's first licensed and regulated on-chain exchange. Launching at the end of 2024 on the Ethereum Layer 2 network ZKsync, the platform initially focused on perpetual contract trading and has since expanded to spot and options trading. GRVT is actively pursuing multi-jurisdictional licenses such as the European Union MiCA license, the Dubai VARA license, and the Abu Dhabi Global Markets (ADGM) capital markets license.
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