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January 22, 2025
The original article is available here.
GRVT (pronounced “gravity”), the world’s first regulated DEX, is excited to announce a $5 million strategic investment from Further Ventures, a leading capital markets infrastructure investment firm based in Abu Dhabi, bringing its total funding to $14.3 million to date.
This investment marks another significant milestone for GRVT, following its recent achievement of securing a Class M (“Modified”) Digital Asset Business License from the Bermuda Monetary Authority (BMA), making it the world’s first regulated DEX.
This exclusive equity round underscores Further Ventures’ confidence in GRVT’s long-term vision and its potential to drive significant financial innovation. The investment reflects the deep partnership for the two parties to advance the region’s efforts in developing institutional-grade on-chain investment products.
As a strategic partner, Further Ventures will provide essential support in product development, legal and regulatory guidance, talent recruitment, and business development, enabling GRVT to enhance its offerings for both retail and institutional traders across the Middle East. This will accelerate GRVT’s growth, strengthening its position as the first licensed blockchain-settled exchange and underscoring its next goal of securing a Abu Dhabi Global Market (ADGM) capital markets license.
“We are thrilled to this strategic round and have the support from Further Ventures as we continue to redefine the future of crypto exchanges,” said Hong Yea, Co-Founder and CEO of GRVT. “This investment is a crucial step in our expansion into the Abu Dhabi market, whose innovative crypto ecosystem and progressive regulatory frameworks make it an ideal base as we aim to lead the compliant DeFi development across the Middle East region. With Further Ventures’ backing, we’re well-positioned to meet the needs of both retail and institutional investors here.”
"GRVT is redefining the convergence of DeFi and TradFi with a compliance-first, self-custody approach,” said Mohamed Hamdy, Managing Partner at Further Ventures. “By integrating the efficiency and familiarity of traditional financial systems with the security and transparency of blockchain technology, GRVT is setting the stage for the future of global finance. This visionary blend of innovation and responsibility aligns perfectly with our mission to lead the region in shaping the next era of digital assets and financial services."
GRVT launched its Mainnet Alpha last month, reaching a 30-day trading volume of nearly $1.3 billion and an all-time high 24-hour trading volume of $88 million.
For more information and to join the GRVT community, visit grvt.io.
Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore ("MAS"). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
Abu Dhabi users: GRVT is not regulated by the ADGM Financial Services Regulatory Authority. This document has not been approved by, or filed with, the Central Bank of the United Arab Emirates or the Securities and Commodities Authority.
About GRVT
GRVT (pronounced “gravity”) is the world’s first regulated DEX that operates as a self-custodial CEX. We aim to enable anyone to buy, sell, trade and invest in financial products, leveraging smart contracts to ensure self-custody, scalability, and security. Traditional finance operates on outdated infrastructure, resulting in high costs and limited accessibility, whereas DeFi grapples with challenges of complexity and scalability. GRVT bridges these gaps and is building a unified global financial system that scales far beyond crypto.
GRVT official website: https://grvt.io/
For media inquiries, contact: press@grvt.io
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About Further Ventures
Further Ventures builds and invests in companies powering financial markets of the future.
Further's unique global platform bridges next generation financial infrastructure in emerging economies with capital markets globally. Our companies enable institutional partners to securely transfer and store their assets, trade structured products, secure decentralized networks, tokenize funds, settle derivative transactions in a trustless manner, and much more.
Founders from San Francisco to Hong Kong choose Further as their institutional co-founder of choice. We make concentrated capital commitments, work proactively with regulators, and bring our collective expertise to build category leading companies.
