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Vessel Finance

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An exchange platform with enhanced privacy and security

SingaporeFounded 2023Fintech
Valuation $0–100M Latest valuation · 2024
Total funding $10–50M Disclosed equity funding
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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

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
Singapore
Open positions
None listed
Dealroom signal
20.7/100
Industry
Fintech
Sub-industry
Crypto and DeFi
Sector
Fintech, Decentralised Applications, Crypto Exchange, Defi
Technology
Blockchain
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning Vessel Finance.

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDOther financing Aug 2024 $10M $40M The Algorand Foundation · Incuba Alpha · Sandy Peng · Sequoia
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Growth signals

Vessel Finance website traffic

Latest recorded traffic for Vessel Finance is 80 monthly website visits, down 71.4% over the last three months.

Latest monthly visits80 3-month web change-71.4%
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Investors

8 investors on the cap table

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
  • IMO Ventures
  • Folius Ventures
  • Avalanche
  • Ye Zhang
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇸🇬 Singapore HQ
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Market sentiment

Posts on X, past 7 days

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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