GRVT: The World’s First Regulated DEX
- GRVT achieves a groundbreaking milestone by securing Bermuda’s Class M license.
- Combining 600,000 TPS with compliance, GRVT aims to be the “Goldman Sachs on blockchain.”
- GRVT plans global expansion, aligning with regulatory bodies for broader approval.
GRVT, a hybrid cryptocurrency exchange founded in 2022, has made history by becoming the world’s first regulated decentralized exchange (DEX).
GRVT’s Vision
GRVT aims to revolutionize the financial landscape by providing a scalable and decentralized marketplace for both individuals and institutions. With a goal to become the “Goldman Sachs on blockchain,” GRVT brings institutional-grade expertise to the world of DeFi.
The exchange’s hybrid model combines off-chain order matching with on-chain settlements, achieving an impressive throughput of 600,000 transactions per second (TPS).
By obtaining the Class M Digital Asset Business License, GRVT sets a new standard for integrating blockchain technology with regulatory compliance, paving the way for greater institutional and mainstream adoption.
Operating under Bermuda’s Digital Asset Business Act (DABA), the Class M license allows GRVT to function as a regulated digital asset derivative exchange. While initially catering to select corporate clients, the platform is working towards meeting pre-operational requirements for a full-scale launch.
Future plans include upgrading to a Full Class license to expand global operations and engaging with regulatory frameworks in various jurisdictions, including the European Union’s MiCA and Abu Dhabi Global Market (ADGM).
Bermuda’s Role in Digital Asset Regulation
Bermuda’s Premier, E. David Burt, highlights GRVT’s licensing as a testament to the country’s commitment to innovation with robust regulatory oversight. Managing Director of the Bermuda Business Development Agency (BDA), Kendaree Burgess, also praises Bermuda’s position as a global financial hub.
GRVT’s co-founder and CEO, Hong Yea, stresses the importance of regulatory compliance in building trust with institutional players. He emphasizes that compliance should be the foundation for crypto and DeFi, not an afterthought, as it is essential for bringing revolutionary technologies to mainstream adoption.
