Grvt, a decentralized exchange focused on privacy and scalability in on-chain finance, has raised $19 million in Series A funding. The round was co-led by ZKsync, Further Ventures, EigenCloud, and 500 Global. With the use of zero-knowledge proofs, Grvt ensures that transactions maintain Ethereum-level security while preserving trade details and reducing settlement costs. This funding will aid in expanding product offerings, including cross-chain vaults and structured products. Co-founder and CEO Hong Yea emphasized the importance of privacy for the future of on-chain trading and investing, positioning Grvt as a potential liquidity hub for a market projected to reach a trillion dollars. This development is significant amid a resurgence in Ethereum activity, as the company aims to overcome long-standing issues related to privacy, scalability, and accessibility in on-chain finance.

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