GRVT: First regulated Dex in the world - new yardstick for Defi!

GRVT: First regulated Dex in the world - new yardstick for Defi!

The hybrid cryptocurrency exchange, which positions itself as "Goldman Sachs on the blockchain", has reached a historic milestone. It is the first decentralized Exchange (Dex) worldwide that has received a regulatory admission. This was made possible by granting the Class M Digital Asset Business License from Bermuda Monetary Authority (BMA). With this approval, GRVT sets a new standard in the area of ​​decentralized finances (Defi) and paves the way for wider acceptance among institutional investors. The CEO Hong Yea emphasizes that this regulation is the reason for the necessary trust of the institutions in crypto technologies, as is Coinjournal reported.

regulated defi developments

The Class-M license awarded by the BMA allows GRVT as a regulated derivate exchange for digital assets according to the Bermuda Digital Asset Business Act. GRVT plans to operate selected corporate customers and upgrade in the long term onto a full class license to expand their global services. With an impressive transaction rate of 600,000 per second (TPS), the platform combines the advantages of off-chain-order matching with on-chain processing. This achievement is seen as a crucial step to create a more transparent and more responsible financial market, which also