Grvt, a ZKsync-based cryptocurrency exchange and on-chain investment platform, announced a significant strategic shift by removing Know Your Customer (KYC) requirements for its services. As part of this initiative, the platform will offer a $50,000 reward to the first 600 users, encouraging broader participation and engagement. The Token Generation Event (TGE), a pivotal milestone for the company’s token economy, is scheduled to launch in the first quarter of 2026. This announcement aligns with Grvt’s mission to democratize access to decentralized finance (DeFi) while maintaining a robust infrastructure that supports high-performance trading and institutional-grade services [1].
Grvt has rapidly emerged as one of the fastest-growing regulated crypto platforms, achieving over $12 billion in cumulative trading volume by the third quarter of 2025. The company was founded in May 2022 by Hong Yea, Aaron Ong, and Matthew Quek, and it has since focused on building a hybrid infrastructure that combines the speed and efficiency of centralized exchanges with the transparency and security of decentralized systems. Its architecture features off-chain order matching and on-chain settlement via smart contracts on zkSync’s Validium network, allowing for sub-millisecond trade execution without compromising user control over assets [2].
The firm has also expanded its ecosystem significantly. In July 2025, Grvt launched Grvt Strategies, a peer-to-peer on-chain investment marketplace that enables users to directly allocate capital to professional investment strategies managed by institutional funds and independent crypto strategists. The platform operates entirely on blockchain, ensuring transparency and non-custodial management. Initial partners include entities like Ampersan and Rogue Traders, and the company aims to onboard at least 15 strategy managers by the end of 2025, with a target of $100 million in total value locked (TVL) [3].
In June 2025, Grvt introduced another industry-first feature: Retail Price Improvement (RPI) orders, which provide better execution prices for retail traders by leveraging exclusive quotes from selected market makers. This mechanism, previously limited to institutional trading systems, levels the playing field by ensuring fairer execution for everyday users. The feature is part of Grvt’s broader strategy to integrate traditional finance (TradFi) innovations into the decentralized space [4].
The company’s funding history also reflects its rapid growth. By January 2025, Grvt had raised a total of $14.3 million across multiple rounds, including a $5 million strategic investment from Further Ventures, a venture capital firm backed by Abu Dhabi’s sovereign wealth fund, ADQ. The funding has supported the expansion of Grvt’s operations and the development of its infrastructure, including the launch of its Android and iOS mobile apps, which now support over 40 perpetual trading pairs [5].
Grvt’s leadership team brings a combination of traditional finance and blockchain expertise. Hong Yea, the CEO and co-founder, previously worked as a trader at Credit Suisse and Goldman Sachs, while Aaron Ong, the CTO, has a background in tech from Facebook and Cronos Labs. Matthew Quek, the COO, led blockchain innovation efforts at DBS Bank. The company’s regulatory milestones, including a Class M Digital Asset Business License from Bermuda’s Monetary Authority, further validate its commitment to compliance and institutional credibility [6].
Source:
[1] BloomingBit (2025). “Grvt News Update”. BloomingBit. Retrieved 28 August 2025.
[2] Cointelegraph (2025). “Grvt Crypto Exchange Secures Bermuda License”. Cointelegraph. Retrieved 28 August 2025.
[3] Benzinga (2025). “Grvt Launches On-Chain Investment Marketplace Featuring Institutional Strategies”. Benzinga. Retrieved 28 August 2025.
[4] CoinDesk (4 June 2025). “Hybrid Crypto Exchange Grvt Debuts On-Chain Retail Price Improvement Orders, Bridging DeFi and TradFi”. CoinDesk. Retrieved 28 August 2025.
[5] The Block (2025). “Abu Dhabi–Backed VC Firm Invests in zkSync-Based Crypto Exchange Grvt”. The Block. Retrieved 28 August 2025.
[6] CEOWORLD (22 July 2025). “Grvt CEO Hong Yea Wants to Make Wealth Creation Easier and Accessible to Anyone”. CEOWORLD magazine. Retrieved 28 August 2025.
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