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Vessel Finance
An exchange platform with enhanced privacy and security
About Vessel Finance
Vessel Finance is a financial technology company headquartered in Singapore that has developed a specialized exchange platform for digital asset trading. The firm operates in the cryptocurrency and FinTech sectors, offering a solution designed for secure and high-speed transactions. The company secured $10 million in a seed funding round on August 8, 2024, with backing from nine investors, including Algorand Foundation, Avalanche Foundation, and Folius Ventures.
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The core of Vessel Finance's offering is its zero-knowledge exchange platform. This technology enables traders to execute transactions with a high degree of security, utilizing features like zero-knowledge proofs and multi-signature security protocols. The platform is engineered to handle a high throughput of up to 1,000 transactions per second with a latency of under 50 milliseconds, positioning its performance in line with centralized exchanges. A key feature for users is the elimination of gas fees for trading, which is intended to create a more cost-effective environment for traders to focus on their strategies.
Vessel's platform architecture is built upon what it terms a Verifiable AMM-Embedded Limit Order Book (VAELOB). This model integrates the functionalities of both Automated Market Makers (AMMs) and traditional order book systems, with the added element of verifiability for all processes. It supports both spot and perpetual trading on a single, unified interface. To facilitate user onboarding and accessibility, the platform has integrated with Abstract Account (AA) wallets and is designed to be mobile-friendly, allowing for trading on the go. Additionally, it includes portfolio management tools to assist users in tracking and optimizing their investments. Keywords: digital asset trading, cryptocurrency exchange, zero-knowledge proofs, high-throughput trading, low-latency trading, zero gas fees, perpetual trading, spot trading, VAELOB, AMM order book hybrid, FinTech, blockchain security, multi-sig security, Abstract Account wallet, portfolio management, secure trading, efficient trading, cost-effective trading, crypto trading platform, Singapore FinTech
Latest news
Press, funding announcements and product moves mentioning Vessel Finance.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | Aug 2024 | $10M | $40M | The Algorand Foundation · Incuba Alpha · Sandy Peng · Sequoia | ↗ |
Growth signals
Latest recorded traffic for Vessel Finance is 80 monthly website visits, down 71.4% over the last three months.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed8 investors entered at this stage
Sequoia
The Algorand Foundation
Incuba Alpha
Sandy Peng- IVIMO Ventures
Folius Ventures
Avalanche
Ye Zhang
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Vessel Finance on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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