According to TechFlow, on August 8, ZK order book trading platform Vessel announced the completion of a $10 million seed round of financing. 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.
This round of funding will be used to combine the efficiency of CEX with the transparency of DEX, improve liquidity efficiency, and develop advanced zero-knowledge proof (ZKP) solutions for DeFi. Vessel uses ZKP technology to balance transaction efficiency and on-chain transparency, combining off-chain transaction processing with on-chain verification to improve security and scalability.