- GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally.
- GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain.”
- GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.
GRVT, a hybrid cryptocurrency exchange founded in 2022 and pronounced “gravity,” has achieved a groundbreaking milestone by becoming the world’s first regulated decentralized exchange (DEX).
The exchange secured the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA), positioning itself at the forefront of the decentralized finance (DeFi) industry.
GRVT aims to become the ‘Goldman Sachs on blockchain’
GRVT aims to redefine the financial landscape by offering a scalable, decentralized marketplace that empowers individuals and institutions alike. With a vision to become the “Goldman Sachs on blockchain,” GRVT brings institutional-grade expertise to DeFi.
The exchange’s hybrid model combines off-chain order matching with on-chain settlements, achieving a throughput of 600,000 transactions per second (TPS).
By acquiring the Class M Digital Asset Business License, the DEX sets a new standard for integrating blockchain technology with regulatory compliance, paving the way for greater institutional and mainstream adoption.
The Class M license, granted under Bermuda’s Digital Asset Business Act (DABA), allows GRVT to operate as a regulated digital asset derivative exchange. While the platform will initially serve select corporate customers, it is actively working towards fulfilling pre-operational conditions to formally launch its services.
GRVT plans to upgrade to a Full Class license in future, enabling it to expand its global operations further.
As part of its broader strategy, GRVT is engaging with regulatory frameworks in multiple jurisdictions, including the European Union’s MiCA and Abu Dhabi Global Market (ADGM).
By aligning innovation with regulatory clarity, GRVT is setting a precedent for the future of DeFi, fostering trust, transparency, and accessibility for all.
Bermuda’s reputation as a leader in digital asset regulation
The Premier of Bermuda, E. David Burt, emphasized that GRVT’s licensing reflects the country’s commitment to fostering innovation while maintaining robust regulatory oversight.
Similarly, Kendaree Burgess, Managing Director of the Bermuda Business Development Agency (BDA), lauded the achievement as a testament to Bermuda’s role as a global financial hub.
GRVT’s co-founder and CEO, Hong Yea, underlined the importance of regulatory compliance in earning the trust of institutional players. He stated, “Compliance should be the foundation for crypto and DeFi, not an afterthought. Without it, bringing revolutionary technologies to the mainstream becomes nearly impossible.”
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