GRVT secures interest from leading trading firms and market makers, including QCP Capital, Selini Capital, Antelope, Pulsar, and Ampersan, to participate in the strategic round.
The launch of GRVT’s beta platform offers institutional investors a stake in building the future of seamless UX/UI centralized exchanges with the security of autonomous on-chain settlement and self custody., the innovative hybrid cryptocurrency centralized exchange , is excited to announce a strategic fundraise of $2.2 million, bringing the total raised to $9.3 million.
“The last crypto crisis showed us that relying on purely centralized exchange models that are built on trust can pose significant risks. We aim to solve the issues of counterparty risk by using the blockchain for settlements while maintaining the reliability and throughput of CeFi exchanges,” said Hong Yea, GRVT’s Co-founder and CEO. “We believe a hybrid concept is the way forward to build a safer exchange, and for further blockchain adoption as the crypto markets mature.
To effectively eliminate counterparty risk, GRVT utilizes smart contracts while maintaining the same onboarding flow, liquidity, and trading efficiency found on CEXs. The platform also incorporates zero-knowledge proofs and Validium technology to ensure on-chain privacy by keeping trade and margin details away from public eyes, high throughput, low latency and gasless trading. Details on users’ trades and margins are never revealed to the public.
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