Grvt raises $19M to build ZK-powered onchain fintech
Privacy-focused decentralized exchange Grvt announced it has closed a $19M Series A round with participation from ZKsync, Further Ventures, EigenCloud, and 500 Global.
Grvt is building infrastructure based on zero-knowledge proofs, offering users a level of privacy and security that most DeFi platforms lack. Founder and CEO Hong Yea said the project aims to “create a unified standard for private onchain fintech accessible to the mass market.”
According to the company’s statement, the raised capital will be directed into launching the Fixed Yield Generation Flywheel tool, which automatically reallocates capital across wallets and vaults to generate fixed income, developing a stablecoin system integrated with RWA assets, and scaling private infrastructure on ZKsync Validium to enable transactions with Ethereum-level security.
Grvt is also preparing to launch its Liquidity Provider (GLP) strategy, promising double-digit APRs, previously available only to institutional players. The company positions it as the main driver of capital inflows.
With the DeFi sector projected to grow to $1.5T by 2034, Grvt is betting on eliminating vulnerabilities — from MEV attacks and front-running to smart contract loopholes. Investors highlight that ZK technology could play the same role for Web3 that HTTPS did for the internet.
According to Further Ventures partner Faisal Al-Hammadi, the deal cements Abu Dhabi’s role as a global hub for next-generation fintech infrastructure.
Grvt is also preparing to launch its Liquidity Provider (GLP) strategy, promising double-digit APRs, previously available only to institutional players. The company positions it as the main driver of capital inflows.
With the DeFi sector projected to grow to $1.5T by 2034, Grvt is betting on eliminating vulnerabilities — from MEV attacks and front-running to smart contract loopholes. Investors highlight that ZK technology could play the same role for Web3 that HTTPS did for the internet.
According to Further Ventures partner Faisal Al-Hammadi, the deal cements Abu Dhabi’s role as a global hub for next-generation fintech infrastructure.
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