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GRVT, A Hybrid Cryptocurrency Exchange Platform, Closes $2.2 Million Funding Round


Cryptocurrency Exchange

March 19, 2024


GRVT, a hybrid cryptocurrency exchange platform, has announced the closure of a strategic funding round, raising $2.2 million and bringing its total raised funds to $9 million. Leading trading firms and market makers, such as Flow Traders, Selini Capital, and Ampersan, participated in this latest funding round. These investors join partners like Delphi Ventures, Matrix Partners, and ABCDE Capital.

Project

Latest Raise

Latest Raise

Stage

Total Raise

Lead Investor

Category

GRVT

Mar 19, 2024

$2.2M

Seed

$9.3M

QCP Capital

Trading

Founded in 2022 and based in Singapore, GRVT is a non-custodial hybrid cryptocurrency exchange platform. Supported by Matter Labs, the creator of zkSync, the company aims to build the first official Appchain in this ecosystem. GRVT combines traditional trading infrastructure with blockchain smart contract settlements, employing zero-knowledge proofs and Validium technology. This approach offers a combination of off-chain order matching and on-chain settlements, achieving speeds of 600,000 transactions per second with single-digit millisecond latency.


The hybrid approach of GRVT addresses security and execution challenges in cryptocurrency trading, responding to risks such as scams, phishing attacks, and regulatory issues highlighted during the recent crypto crisis. GRVT's strategy involves using blockchain for settlements while maintaining the reliability and speed of centralized finance (CeFi) exchanges. This aims to solve counterparty risk issues and build a safer exchange platform as crypto markets mature.


About GRVT

GRVT is an institutional-grade self-custody derivatives trading platform that integrates blockchain technology with traditional trading infrastructure to provide a secure and efficient trading environment. The platform focuses on eliminating counterparty risk and enhancing transaction speeds while maintaining high security and regulatory compliance levels.


Website: https://grvt.io/ 

X Account: https://x.com/grvt_io

X Followers today: 465,344

X Followers 30 days ago: 355,715

X Follower change: 109,629 (+30.82%)

GRVT Cryptocurrency Exchange

About Investor

Investor: QCP Capital

The funding round was led by QCP Capital, a notable player in the digital asset trading and infrastructure sectors. QCP Capital's involvement signifies a strong vote of confidence in GRVT's mission and technology, further solidifying its position in the cryptocurrency market.


Location:  Singapore




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