According to BlockBeats, on January 22, hybrid crypto trading platform GRVT announced that it had received a US$5 million strategic investment from Abu Dhabi-based Further Ventures. So far, GRVT has accumulated a total financing of US$14.3 million, and it is the world's first decentralized trading platform (DEX) to obtain a regulatory license.
The equity financing further demonstrates Further Ventures’ confidence in GRVT’s long-term vision and reflects a deep partnership between the two parties. Further Ventures will also serve as a strategic partner to provide GRVT with product development, legal and regulatory guidance, talent recruitment and business expansion, accelerating its market expansion in the Middle East while promoting GRVT to obtain a capital market license for Abu Dhabi Global Market (ADGM). It is reported that GRVT launched its mainnet Alpha last month, with nearly $1.3 billion in 30 days and $88 million in 24 hours, a record high.