After the licensing on the Bermudas, GRVT is the world's first regulated Dex
After the licensing on the Bermudas, GRVT is the world's first regulated Dex
- GRVT has secured the class M license of the Bermudas and is the first regulated Dex worldwide.
- GRVT combines 600,000 TPS with compliance and has set itself the goal of being the "Goldman Sachs in Blockchain".
- GRVT plans global expansion and coordinates with Mica and ADGM to obtain a broader official approval.
GRVT, a hybrid cryptocurrency exchange that was founded in 2022 and calls itself "Gravity", has reached a groundbreaking milestone by becoming the world's first regulated decentralized stock exchange (DEX).
The exchange positions itself at the top of the decentralized financial industry (Defi).
GRVT wants to become the "Goldman Sachs in Blockchain"
GRVT aims to redefine the financial landscape by offering a scalable, decentralized marketplace that strengthens individuals and institutions alike. With the vision of becoming "Goldman Sachs in the Blockchain", GRVT brings institutional specialist knowledge into Defi.
The hybrid model of the stock exchange combines off-chain-order matching with on-chain processing and thus achieves a throughput of 600,000 transactions per second (TPS).
By acquiring the digital asset business license of class M, the Dex sets a new standard for the integration of blockchain technology with compliance with legal regulations and paves the way for stronger institutional and general acceptance.
The license of class M granted according to the Digital Asset Business Act (DABA) of the Bermudas enables GRVT to act as a regulated stock exchange for derivatives of digital assets. While the platform is initially served selected corporate customers, it is actively working on fulfilling the preoperative conditions for the official introduction of its services.
GRVT is planning an upgrade to a full class license in the future to further expand its global activities.
As part of its more comprehensive strategy, GRVT deals with regulatory framework in several jurisdiction, including the Mica of the European Union and the Abu Dhabi Global Market (ADGM).
By reconciling innovation with regulatory clarity, it creates a precedent for the future of defi and promotes trust, transparency and accessibility for everyone.
Bermuda's reputation as a leader in the regulation of digital assets
The Prime Minister of Bermuda, E. David Burt, emphasized that the licensing of GRVT reflects the country's commitment to promote innovations and at the same time maintain a solid regulatory supervision.
also Kendaree Burgess, managing director of the Bermuda Business Development Agency (BDA), praised success as proof of Bermuda's role as a global financial center.
Hong Yea, co -founder and CEO of GRVT, emphasized the importance of compliance with legal regulations in order to gain the trust of institutional actors. He explained: "Compliance should be the basis for crypto and defi and not a subsequent idea." Without them, it becomes almost impossible to bring revolutionary technologies to the mainstream. ”
Source: Coinlist.me
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