GRVT: First regulated DEX in the world – New benchmark for DeFi!

GRVT: First regulated DEX in the world – New benchmark for DeFi!

Hybrid cryptocurrency exchange GRVT, positioning itself as “Goldman Sachs on the blockchain,” has reached a historic milestone. It is the first decentralized exchange (DEX) in the world to receive regulatory approval. This was made possible by the granting of the Class M Digital Asset Business License by the Bermuda Monetary Authority (BMA). With this approval, GRVT sets a new standard in decentralized finance (DeFi) and paves the way for broader acceptance among institutional investors. CEO Hong Yea emphasizes that this regulation is the cornerstone for the necessary trust of institutions in crypto technologies, as well CoinJournal reported.

Regulated DeFi developments

The Class M license granted by the BMA allows GRVT to operate as a regulated digital asset derivatives exchange under the Bermuda Digital Asset Business Act. GRVT plans to initially serve select corporate customers and, in the long term, upgrade to a full-class license to expand its global services. With an impressive transaction rate of 600,000 per second (TPS), the platform combines the benefits of off-chain order matching with on-chain settlement. This achievement is seen as a crucial step towards creating a more transparent and responsible financial market, which is also APA OTS highlights.

Bermuda is emerging as a pioneer in regulatory clarity for the digital financial sector. Prime Minister E. David Burt comments on the important role the country plays in establishing digital asset policies. GRVT also actively cooperates with regulatory authorities in various countries to advance licensing processes and align with international standards such as the EU's MiCA framework. These strategic moves are seen as crucial to the future growth and adoption of DeFi technologies.