Grvt Raises $19M to Bring Privacy and Scale to On-Chain Finance

Grvt (pronounced "gravity"), a decentralized exchange (DEX) focused on privacy in on-chain finance, has raised $19 million in Series A ￰0￱ round was co-led by ZKsync, its foundational technology partner, along with Further Ventures, EigenCloud (formerly EigenLayer) and 500 Global, the company announced via email on ￰1￱ on the ZKsync Validium L2, Grvt uses zero-knowledge (ZK) proofs to ensure transactions inherit Ethereum-level security while keeping trade details private and settlement costs ￰2￱ company says this architecture addresses long-standing barriers to mainstream adoption of on-chain finance: privacy, scalability and ￰3￱ technology is a cryptographic method in which one party can demonstrate to another that a certain piece of information is true, without revealing anything about said ￰4￱ is an important facet of blockchain-based finance as it allows users to verify transactions and transfers without revealing anything about the sender, receiver, amount.

“Privacy is uncompromising for the future of on-chain trading and investing,” said co-founder and CEO Hong Yea, adding that Grvt aims to set the standard for how zero-knowledge cryptography powers financial ￰5￱ raise comes amid a resurgence in Ethereum activity, with August’s on-chain volume topping $320 billion , its highest since ￰6￱ see Grvt as a potential liquidity hub for a trillion-dollar on-chain finance market, with applications spanning cross-exchange vaults, cross-chain interoperability, real-world assets, and structured options, according to the announcement.