GRVT secured a Class M license in Bermuda, becoming the world's first regulated DEX. GRVT combines 600,000 TPS with compliance and aims to be the “Goldman Sachs on the blockchain.” GRVT plans to expand globally by working with MiCA and ADGM to obtain broad regulatory approvals.
Founded in 2022, GRVT, a hybrid cryptocurrency exchange pronounced “gravity,” has achieved a landmark milestone by becoming the world’s first regulated decentralized exchange (DEX).
The exchange has received a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA), placing it at the forefront of the decentralized finance (DeFi) industry.
GRVT aims to become “Goldman Sachs on blockchain”
GRVT aims to redefine the financial landscape by providing a scalable, decentralized marketplace that empowers both individuals and organizations. GRVT brings institutional-level expertise to DeFi with a vision to become the “Goldman Sachs of blockchain.”
The exchange's hybrid model combines off-chain order matching with on-chain settlement, achieving a throughput of 600,000 transactions per second (TPS).
By obtaining a Class M Digital Asset Business License, DEX is setting a new standard for integrating blockchain technology and regulatory compliance, paving the way for greater adoption within organizations and in the mainstream.
The Class M license granted under Bermuda's Digital Asset Business Act (DABA) allows GRVT to operate as a regulated digital asset derivatives exchange. The platform will initially serve a limited number of enterprise customers, but we are actively working to meet pre-operational conditions to officially launch the service.
GRVT plans to upgrade to a full-class license in the future, allowing it to further expand its global operations.
As part of its broader strategy, GRVT is working on regulatory frameworks in multiple jurisdictions, including the European Union's MiCA and the Abu Dhabi Global Market (ADGM).
GRVT sets a precedent for the future of DeFi by harmonizing innovation and regulatory clarity, promoting trust, transparency, and accessibility for all.
Bermuda’s reputation as a leader in digital asset regulation
Bermuda's Prime Minister E. David Burt emphasized that the licensing of GRVT reflects the country's commitment to fostering innovation while maintaining strong regulatory oversight.
Similarly, Bermuda Business Development Authority (BDA) Managing Director Kendary Burgess hailed the achievement as a testament to Bermuda's role as a global financial hub.
Hong Yea, co-founder and CEO of GRVT, emphasized the importance of regulatory compliance to gain the trust of institutional investors. He said, “Compliance should be the foundation of cryptocurrencies and DeFi, not an afterthought. Without it, it will be nearly impossible to bring innovative technologies to the mainstream.”
