Wu said that Vessel has successfully completed a $10 million seed round of financing, led by Sequoia Capital, with participation from Scroll co-founders, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a number of angel investors. Vessel solves the problem of balancing efficiency and transparency in crypto transactions by developing zero-knowledge proof (ZKP) technology, combining off-chain transaction processing and on-chain verification. Officials said the funds will be used to integrate CEX efficiency and DEX transparency, improve liquidity efficiency, and develop ZKP solutions for DeFi.