GRVT (pronounced "gravity"), a crypto project developing a hybrid exchange, has secured $7.1 million** in pre-seed and seed funding at a **$39 million valuation. The platform aims to combine the efficiency of centralized exchanges with the self-custody benefits of decentralized exchanges (DEXs).
Key Highlights
- Funding Rounds: $5M seed round co-led by Matrix Partners and Delphi Digital; $2.1M pre-seed backed by 500 Startups and Folius Ventures.
- Valuation: Post-money valuation of $39M.
- Launch Plan: Crypto perpetuals and options trading to debut in January 2024; spot trading support expected by April 2024.
What Is GRVT?
GRVT is a hybrid crypto exchange leveraging:
- Off-chain order matching: 600,000 TPS with <2ms latency.
- On-chain settlements: Powered by zkSync Era for transparency.
👉 Explore how GRVT’s hybrid model enhances trading security
Competitive Edge
GRVT positions itself as a competitor to giants like Binance and OKX, emphasizing:
- No custody of client funds (post-FTX collapse safeguard).
- User-friendly interface for both retail and institutional traders.
Expansion & Roadmap
- Licensing: Holds a Lithuanian VASP license; pursuing Bermuda/Middle East/Europe permits.
- Team Growth: Hiring across compliance, engineering, and marketing.
- Token Launch: Native token planned for late 2024, advised by Delphi Digital.
Advisors & Leadership
- Darius Sit (QCP Capital) and Tom Shaughnessy (Delphi Digital) as advisors.
- Founders with ex-Goldman Sachs, Facebook, and DBS Bank experience.
FAQs
Q: How does GRVT ensure fund safety?
A: Trades settle on-chain via smart contracts; client funds are never held by GRVT.
Q: What trading products will GRVT offer?
A: Perpetuals and options at launch; spot trading in mid-2024.
Q: What’s GRVT’s regulatory strategy?
A: Expanding licenses in crypto-friendly jurisdictions like Bermuda and the EU.
👉 Learn why hybrid exchanges are the future of crypto trading
GRVT’s funding success signals strong investor confidence in hybrid exchange models amid market turbulence.
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