Regulatory Approval from Bermuda Monetary Authority
Hybrid cryptocurrency exchange GRVT has been granted a Class M Digital Asset Business License by the Bermuda Monetary Authority, making it one of the first regulated DEXs. The license allows GRVT to operate within the established regulatory framework of Bermuda and sets the stage for its objective of obtaining a Class Full (F) license by mid-2025. This upgrade would pave the way for GRVT to extend operations beyond the sandbox environment.
GRVT Among First Regulated DEXs “By becoming one of the first licensed exchanges, GRVT is among the pioneers of regulated DEX operations. The platform, which is striving to provide the missing link between CeFi and DeFi for a holistic ecosystem, took 15 months for the license to be approved. The same period, from the start, also witnessed heavy internal mainnet testing for the platform, whose deployment began on December 4, 2024, for institutional partners.
Mainnet release, Institutional Integration and Expansion
It intends to release its mainnet in two weeks, available for all users to start seeing trading volume via large data providers. Currently, GRVT has institutional collaborations with 55 partners, including 17 market makers that have promised $4.2 billion worth of trading volume every month. Furthermore, it has had more than 20,000 retail users pass through KYC procedures to show the platform’s preparedness for broad adoption.
CeDeFi Bridges CeFi and DeFi
GRVT CEO Hong Yea emphasizes that CeFi and DeFi ecosystems need not remain divided. By leveraging a regulatory framework, the company aims to establish universal standards and improve market trust. Yea highlights the complementary roles of regulation and decentralization, where the former protects users and ensures fairness, while the latter promotes transparency and empowerment. This vision aligns with the emerging CeDeFi concept, which merges CeFi’s structure with DeFi’s decentralization.
CeDeFi Gains Momentum
GRVT is one of several companies that have now embraced the CeDeFi model, a hybrid that harmonizes traditional finance’s regulatory rigor with the innovative potential of DeFi. Other companies, like SafePal, have also integrated CeDeFi principles into their work and see the growing momentum of this concept in the crypto industry. According to Yea, a collaboration of decentralized and centralized systems is about reaching mainstream adoption and placating institutional hesitations around the unregulated status of DeFi.
GRVT is about to play a leading role in shaping the future of hybrid financial ecosystems with its Bermuda license and CeDeFi vision.
