- Grvt, a decentralized exchange using ZK technology for privacy, has secured $19 million in its Series A funding round.
- The round was co-led by prominent names in the crypto and venture capital space, including ZKsync, EigenCloud, and 500 Global.
- Funds will be used to develop products like a fixed-yield vehicle and strengthen its privacy infrastructure to attract mainstream users.
Grvt, a decentralized exchange focused on financial privacy using zero-knowledge technology, has closed a $19 million Series A funding round. The investment highlights growing interest in solutions that address privacy and security issues within on-chain finance.
The project is set to handle longstanding challenges in the decentralized finance (DeFi) space, including privacy vulnerabilities that lead to exploitation. Issues like front-running and maximum extractable value (MEV) attacks, where sophisticated traders exploit transactions, result in significant losses for users annually. According to a press release from Sept. 19, 2025, Grvt intends to build a more secure trading environment on its ZKsync Validium L2 blockchain.
High-Profile Backers Signal Confidence
The funding round was co-led by several major players in the industry, signaling strong support for Grvt’s mission. Matter Labs, the team behind ZKsync, was a key participant. Its CEO, Alex Gluchoski, noted that ZK technology could become a new standard for trust and privacy in Web3, similar to how HTTPS became standard for the internet.
Other notable investors included Further Ventures, an Abu Dhabi-based investment firm, EigenCloud, the verifiable cloud platform from the creators of EigenLayer, and venture capital firm 500 Global. Sreeram Kannan, founder of Eigen Labs, emphasized the need for platforms like Grvt to handle computation at cloud scale while maintaining the security and privacy that on-chain finance requires.
These backers provide Grvt with not only capital but also deep technical and strategic expertise. The involvement of firms from key global hubs like Abu Dhabi also points to the project’s international scope and ambition.
Product Development and A Bold Yield Promise
Grvt plans to use the majority of the funds to accelerate its product development. Key initiatives include strengthening its privacy infrastructure, creating a stablecoin-enabled system with real-world asset (RWA) integrations, and launching new products for both active traders and passive investors.
One of the most notable announcements is a planned fixed-yield product that the company claims will offer a 10% interest rate return for users. While the company presents this as an innovative way to maximize returns, high-yield offerings in DeFi often attract scrutiny.
The crypto community remains cautious of such promises, often drawing comparisons to failed projects from the past that offered unsustainable returns. Observers on social media platforms are watching closely to understand how Grvt plans to generate and sustain these yields securely and transparently. This balanced approach of innovation and risk management will be important for gaining long-term user trust.
Looking ahead, the company also plans to introduce the Grvt Liquidity Provider (GLP), a fund strategy designed to provide high returns that were previously accessible mainly to institutional traders. As the DeFi sector continues to grow, with on-chain volume on networks like Ethereum reaching its highest levels since mid-2021, platforms focusing on user protection and privacy are gaining significant attention.
