GRVT secures new funding of a $5 million investment from Abu Dhabi-based Further Ventures, catapulting its total funding to an impressive $14.3 million.
Grvt Rises to 55 Institutional Clients
GRVT is uniquely known for its hybrid crypto trading model that combines the best of both worlds from centralized and decentralized exchanges.
Users benefit from the security and autonomy of decentralized finance (DeFi) while maintaining the user-friendly interface and regulatory compliance associated with centralized platforms.
The infrastructure is on cutting-edge blockchain technology, which is part of the Elastic Network powered by ZKsync. This enables users to enjoy enhanced security, scalability, and cost-effectiveness by leveraging the zero-knowledge Validium rollup.
Additionally, GRVT can process transactions at speeds rivaling traditional financial systems while maintaining the decentralized ethos of blockchain technology.
The platform is also integrated with Proxy Bridge, further streamlining the user experience. The integration contributes to seamless asset transfers between GRVT, centralized exchanges, and crypto-wallets.
Furthermore, it puts its community of 30,000 KYC-verified users at the center of its innovations. For example, it recently launched Configurable Leverage and added nine new trading pairs.
Despite being recently launched, the platform’s focus on community and innovation has helped it achieve significant milestones. These include securing a Bermuda license and partnering with 55 institutional clients and 17 market makers.
The significant milestones indicate a strong market demand for the platform’s offerings. It further points to the potential for rapid growth in the competitive crypto exchange market.
Implications for the Crypto Market
The investment by Further Ventures shows a vote of confidence from institutional investors in both ZKsync technology and decentralized finance (DeFi).
Moreover, the backing by a VC firm linked to Abu Dhabi’s sovereign wealth fund signals growing interest from traditional financial powerhouses in the crypto space.
As a result, more institutional capital could flow into crypto projects, providing the liquidity and stability needed for long-term growth.
As the lines between traditional finance and crypto continue to blur, investments like this may well become the norm rather than the exception.
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