GRVT, a hybrid decentralized exchange based on ZKsync, announced the completion of a $19 million Series A funding round. This round was co-led by GRVT's technology partner, ZKsync, and Further Ventures, an investment firm backed by the Abu Dhabi Sovereign Wealth Fund.

The GRVT mainnet Alpha version will officially launch on Ethereum's Layer 2 network, ZKsync, at the end of 2024. As a hybrid decentralized exchange, GRVT aims to combine the high performance of centralized exchanges with the security and transparency of decentralized exchanges, providing users with a superior trading experience. GRVT plans to use the new funding to expand its product offerings, including cross-exchange vaults, cross-chain interoperability, options markets, and real-asset trading.