TechFlow reported on August 8 that ZK order book exchange platform Vessel announced a $10 million seed round. Investors include Sequoia Capital, Sandy Peng and Ye Zhang, co-founders of Scroll, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and several angel investors.
The funding will be used to combine the efficiency of CEXs with the transparency of DEXs, improve liquidity efficiency, and develop advanced zero-knowledge proof (ZKP) solutions for DeFi. Vessel leverages ZKP technology to balance trading efficiency with on-chain transparency, integrating off-chain transaction processing with on-chain verification to enhance security and scalability.
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