GRVT, a crypto project building a hybrid exchange, raised $5 million in seed funding, led by Matrix Partners and Delphi Digital. Other investors in the round included Susquehanna Investment Group, CMS Holdings, ABCDE, Hack VC and Matter Labs (developer of Ethereum scaling network zkSync).
The project also disclosed its pre-seed round, worth $2.1 million, was backed by investors including 500 Startups and Folius Ventures.
GRVT is a hybrid crypto exchange that offer efficiencies of centralized exchanges with self-custody features of decentralized exchanges. This will be achieved by a mix of off-chain order matchings and on-chain settlements on Ethereum Layer 2 zkSync.
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