Grvt, a leading decentralized exchange (DEX) focused on onchain financial privacy and powered by zero-knowledge (ZK) technology, has successfully closed a $19 million Series A funding round. This investment strengthens Grvt’s position as a pioneer in the onchain finance space, accelerating its mission to tackle long-standing challenges like privacy gaps, security risks, scalability, and accessibility that have limited the growth of decentralized finance.
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The timing could not be more critical. As Wall Street increasingly embraces blockchain technology, onchain finance is rapidly evolving. In August, Ethereum’s onchain volume reached over $320 billion, its highest since mid-2021, while the DeFi sector is projected to surge from $32 billion in 2025 to over $1.5 trillion by 2034. Despite this growth, many participants face barriers such as front-running attacks, smart contract exploits, fragmented ecosystems, and complexity that makes everyday trading difficult for average users. Grvt’s advanced infrastructure positions it uniquely to solve these problems.
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The Series A round was co-led by Grvt’s technology partner ZKsync, Abu Dhabi-based Further Ventures, EigenCloud (formerly EigenLayer), and 500 Global, a venture capital firm with $2.3 billion in assets under management. Most of the funds will go toward Grvt’s multi-pronged product strategy, designed to serve both active traders and passive investors. Key initiatives include the Fixed Yield Generation Flywheel, which allows users to optimize returns across funding, trading, and vault accounts; strengthening Grvt’s privacy-first infrastructure; and developing a stablecoin-enabled system with cross-exchange vaults and real-world asset integrations. Remaining capital will support community growth and talent acquisition for global expansion.
Hong Yea, co-founder and CEO of Grvt, highlighted the impact: “Onchain finance has been held back by privacy gaps that expose users to exploitation. By building a privacy-driven, scalable, and trustless DEX that offers a wide array of structured products, Grvt exemplifies how ZK-powered solutions will become the new normal for everyone, realizing the vision of an open and secure onchain finance world.”
Industry experts have applauded Grvt’s innovative approach. Alex Gluchoski, CEO of Matter Labs, explained: “Zero-knowledge technology is the ‘HTTPS moment’ for crypto. Just as HTTPS added trust and privacy to the internet, ZK will bring the same level of confidence to Web3. Grvt is in a unique position to become the most liquid and impactful platform, helping make this vision a reality.”
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Other investors emphasized the platform’s potential to transform global finance. Faisal Al Hammadi of Further Ventures said, “Grvt’s application of zero-knowledge proofs demonstrates how cutting-edge cryptography can underpin markets at institutional scale. We are proud to support their vision for a truly borderless financial system.” Sreeram Kannan, CEO of Eigen Labs, added, “Grvt is tackling the frontier of verifiable computing head-on. Their ambitious vision is matched by the caliber of their team, and we’re thrilled to support them in bringing onchain finance to cloud scale.”
Grvt leverages the ZKsync Stack to overcome key obstacles in onchain finance. By running a ZKsync Validium L2 blockchain, Grvt ensures transaction privacy while maintaining Ethereum-level security, scalability, and lower costs. EigenCloud’s EigenDA provides verifiable data availability, anchoring transactions to a decentralized validator network, which enables Grvt’s platform to operate at cloud speed while guaranteeing privacy and verifiability—a breakthrough once thought impossible.
With this Series A funding and its cutting-edge ZK-powered infrastructure, Grvt is poised to lead the next chapter of onchain finance, making secure, private, and accessible trading and investing a reality for users worldwide.
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