GRVT Secures $2.2 Million in Strategic Funding on March 19, 2024

According to industry reports, GRVT completed a $2.2 million strategic funding round on March 19, 2024. This round saw joint investment from QCP Capital, Selini Capital, Pulsar, Ampersan, and Antelope. Following this transaction, GRVT’s total cumulative funding has reached $28.3 million.GRVT (Gravity) is an institutional-grade, trustless trading infrastructure tailored for the cryptocurrency market. Developed by professionals from both technology and financial sectors, the platform is designed to offer institutional traders a fully private, compliant (including KYC and AML procedures), and self-custodial trading venue.Tracing GRVT’s development trajectory, the project began with a $2.1 million pre-seed round in October 2022 and has demonstrated steady progress since then. It secured $5 million in seed funding in September 2023, followed by the current strategic round in March 2024, highlighting robust growth momentum. According to its roadmap, GRVT plans to conduct a Token Generation Event (TGE) in Q1 2026 and has increased the community airdrop allocation from 20% to 22%, underscoring the team’s commitment to community development.Against the backdrop of growing institutionalization within the cryptocurrency market, GRVT’s focus on providing secure and compliant trading infrastructure for institutional participants carries significant strategic importance. The completion of this funding round will further advance GRVT’s product development and market expansion, potentially offering enhanced solutions for institutional investors entering the digital asset space.