GRVT will be the world’s first regulated DEX after licensing in Bermuda.
GRVT became the first regulated DEX globally to obtain a Bermuda Class M license. GRVT aims to become the “Goldman Sachs on blockchain” with the goal of achieving 600,000 TPS. GRVT plans global expansion in line with MiCA and ADGM for wider regulatory approval.
In the year Founded in 2022 and called “Gravity”, the hybrid cryptocurrency exchange GRVT has achieved a major milestone by becoming the world's first Decentralized Exchange (DEX).
The exchange has secured a Class M digital asset trading license from the Bermuda Monetary Authority (BMA), positioning itself at the forefront of the decentralized finance (DeFi) industry.
GRVT aims to be ‘Goldman Sachs on blockchain'.
GRVT aims to redefine the financial landscape by providing a decentralized marketplace that empowers individuals and institutions. With a vision to be “Goldman Sachs on blockchain”, GRVT brings institutional level expertise to DeFi.
The exchange's hybrid model combines off-chain matching with on-chain settlement and can achieve up to 600,000 transactions per second (TPS).
By obtaining a Class M digital asset trading license, DX sets a new standard for integrating blockchain technology with regulatory compliance, paving the way for greater institutional and mainstream adoption.
A Class M license issued under the Bermuda Digital Assets Trading Act (DABA) allows GRVT to operate as a regulated digital asset exchange. While the platform will initially serve select enterprise customers, it is actively working to meet the prerequisites for the official launch of the service.
GRVT plans to upgrade to a full class license to further expand its global operations in the future.
As part of its broader strategy, GRVT is engaging with regulatory frameworks in several jurisdictions, including the EU MCA and the Abu Dhabi Global Market (ADGM).
By aligning innovation with regulatory transparency, GRVT is setting the stage for the future of DeFi, fostering trust, transparency and accessibility for all.
Bermuda's reputation as a leader in digital asset management.
Bermuda Premier E. David Burt emphasized that GRVT's licensing reflects the country's commitment to fostering innovation while maintaining strong regulatory oversight.
Similarly, Bermuda Business Development Agency (BDA) Managing Director Kendare Burgess praised Bermuda's role as a global financial center.
Hong Ye, Founder and CEO of GRVT, underlined the importance of a regulatory framework to gain the trust of institutional players. He said: “Compliance should be the foundation for crypto and DeFi, not an afterthought. Without it, bringing revolutionary technologies to the mainstream would be nearly impossible.
