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ZKsync, Further Ventures, EigenCloud and 500 Global back privacy-driven DEX in push toward trillion-dollar on-chain finance
By Jamie Crawley, AI Boost|Edited by Nikhilesh De
Updated Sep 19, 2025, 9:50 a.m. Published Sep 19, 2025, 9:50 a.m.
- Grvt closed a $19 million Series A co-led by ZKsync, Further Ventures, EigenCloud and 500 Global.
- The DEX uses zero-knowledge proofs to deliver privacy, Ethereum-grade security, scalability, and low-cost access.
- Funding will support product expansion, including cross-chain vaults, RWAs and structured products.
Grvt (pronounced “gravity”), a decentralized exchange (DEX) focused on privacy in on-chain finance, has raised $19 million in Series A funding.
The round was co-led by ZKsync, its foundational technology partner, along with Further Ventures, EigenCloud (formerly EigenLayer) and 500 Global, the company announced via email on Thursday.
STORY CONTINUES BELOW
Built on the ZKsync Validium L2, Grvt uses zero-knowledge (ZK) proofs to ensure transactions inherit Ethereum-level security while keeping trade details private and settlement costs low. The company says this architecture addresses long-standing barriers to mainstream adoption of on-chain finance: privacy, scalability and accessibility.
ZK technology is a cryptographic method in which one party can demonstrate to another that a certain piece of information is true, without revealing anything about said information. This is an important facet of blockchain-based finance as it allows users to verify transactions and transfers without revealing anything about the sender, receiver, amount.
“Privacy is uncompromising for the future of on-chain trading and investing,” said co-founder and CEO Hong Yea, adding that Grvt aims to set the standard for how zero-knowledge cryptography powers financial markets.
The raise comes amid a resurgence in Ethereum activity, with August’s on-chain volume topping $320 billion, its highest since mid-2021. Backers see Grvt as a potential liquidity hub for a trillion-dollar on-chain finance market, with applications spanning cross-exchange vaults, cross-chain interoperability, real-world assets, and structured options, according to the announcement.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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