Crypto exchange GRVT has raised $5 million in equity funding from Further Ventures, a VC firm backed by Abu Dhabi's sovereign wealth fund ADQ.
The company intends to use the new financing to develop its onchain UX platform via its software development kits.
The transaction was funded in bitcoin, with Komainu establishing its own bitcoin treasury to manage the capital provided.
Political tailwinds in the United States and anticipation of a friendlier regulatory climate are positive signs for the crypto industry.
Piers Ridyard, the CEO of RDX Works said the cuts are part of a “more comprehensive set of changes that need to be made.”