Grvt Secures $19 Million to Enhance Privacy in On-Chain Finance
- Grvt raised $19 million in Series A funding, co-led by ZKsync, Further Ventures, EigenCloud, and 500 Global.
- The platform operates on the ZKsync Validium L2 and employs zero-knowledge (ZK) proofs for transaction security.
- Grvt aims to tackle issues of privacy, scalability, and accessibility in on-chain finance.
- August saw Ethereum’s on-chain volume exceed $320 billion, marking its highest level since mid-2021.
- The company envisions becoming a liquidity hub for a trillion-dollar market with applications in cross-exchange vaults and real-world assets.
Grvt’s funding round highlights the growing focus on privacy within blockchain technology as it seeks to set new standards for financial markets through zero-knowledge cryptography. This development comes alongside a notable resurgence in Ethereum activity, indicating increased interest in decentralized finance solutions.
With $19 million raised, Grvt is positioned to address critical barriers in on-chain finance while enhancing user privacy and reducing costs.(Source)
