Vessel, a ZK Trading Platform, completes $10M Seed Round of Financing to Develop Advanced ZKP Solutions for DeFi

August 08, 2024

Vessel, a ZK order book trading platform, has raised $10 million in seed funding. Investors include Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and several angel investors.

Project	Latest Raise	Latest Raise Date	Stage	Category
Vessel	$10M	August 8, 2024	Seed	ZK

The funds will be used to merge the efficiency of centralized exchanges (CEX) with the transparency of decentralized exchanges (DEX), enhance liquidity efficiency, and develop advanced zero-knowledge proof (ZKP) solutions for decentralized finance (DeFi).

About Vessel Finance

Vessel is a decentralized exchange (DEX) powered by Zero-Knowledge (ZK) technology, evolving into a comprehensive Layer 3 network for decentralized finance (DeFi). It combines the efficiency and user-friendliness of centralized exchanges (CEX) with the transparency and security of decentralized platforms. Vessel's core features include ZK-Proof circuits for order matching, verifiable AMM-embedded limit order books, and self-custody asset management. The platform aims to address liquidity fragmentation and support multi-chain expansion. Vessel also emphasizes asset security, transparent executions, and superior performance with zero gas fees, making it an accessible and reliable option for traders.

Website: https://vessel.finance/

X: https://x.com/VesselFinance

About Investor

Investors include Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and several angel investors.

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