Grvt Secures $19M Series A Funding for Private On-Chain Finance Solutions

Grvt (pronounced "gravity"), a privacy-focused decentralized exchange (DEX), has successfully raised $19 million in Series A funding. The investment round was co-led by ZKsync, the platform's foundational technology partner, alongside Further Ventures, EigenCloud (formerly EigenLayer), and 500 Global. Built on ZKsync Validium L2 technology, Grvt utilizes zero-knowledge (ZK) proofs to deliver Ethereum-level security while maintaining transaction privacy and reducing settlement costs. This innovative architecture directly addresses three critical barriers to mainstream on-chain finance adoption: privacy concerns, scalability limitations, and accessibility challenges. ZK technology enables cryptographic verification without revealing sensitive transaction details, protecting information about senders, receivers, and amounts. "Privacy is non-negotiable for the future of on-chain trading and investing," stated co-founder and CEO Hong Yea, emphasizing Grvt's mission to establish new standards for zero-knowledge cryptography in financial markets. This funding announcement coincides with renewed Ethereum activity, with August's on-chain volume reaching $320 billion - the highest since mid-2021. Investors position Grvt as a potential liquidity hub for the growing trillion-dollar on-chain finance market, with applications including cross-exchange vaults, cross-chain interoperability, real-world assets, and structured options.