PANews reported on January 21 that according to The Block, Further Ventures, a venture capital firm backed by Abu Dhabi sovereign wealth fund ADQ, invested $5 million in GRVT, a hybrid crypto exchange based on ZKsync. GRVT recently launched the mainnet Alpha version, initially focusing on perpetual contract trading, with an average daily trading volume of $50 million, 800 active traders and 55 institutional clients.

This round of financing brings GRVT’s total financing to $14.3 million, which will be used to expand spot and options trading, upgrade its Bermuda crypto business license, and seek more regulatory approvals in the European Union, Dubai, and Abu Dhabi. In addition, GRVT plans to issue its tokens in the second half of 2025.