GRVT, the first DEX in Bermuda, has obtained regulatory approval with a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA).
This regulatory approval sets a new benchmark for decentralized finance (DeFi) and promotes innovation and institutional trust.
GRVT aims to become an institutional-grade perpetual DEX in Bermuda's robust legal system and plans to achieve a Full Class license in the future.
The regulatory approval helps bridge the trust deficit between DeFi and traditional financial institutions, attracting institutional interest and building the DeFi market.