Further Ventures, backed by Abu Dhabi’s ADQ, invested USD 5 mn in GRVT, a hybrid crypto exchange, TheBlock reports. The funding raises GRVT’s total capital to USD 14.3 mn, including previous rounds and a private token sale.

About GRVT: GRVT, built on Ethereum’s ZKsync technology, merges decentralized finance (DeFi) with centralized platforms’ compliance and usability. The exchange reports having 30k KYC-verified users, with 55 institutional clients.

Looking forward: GRVT plans to expand into new types of trading like crypto spot and options trading. It’s also working on upgrading its Bermuda license to a higher level and getting approvals to operate in the European Union, Dubai, and Abu Dhabi.

Further Ventures, managing USD 200 mn in assets, has been actively investing in blockchain companies, including Dfns, Twinstake, Tungsten, and Kemet Trading.

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