GRVT has secured the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA), becoming the first DEX to achieve regulatory approval. This "modified" license under the Bermuda Digital Asset Business Act (DABA) enables GRVT to meet pre-operational conditions before launching for select corporate clients.

GRVT plans to upgrade to a Full Class license under DABA, aiming to introduce a fully global institutional-grade perpetuals DEX. Walkers (Bermuda) Ltd. served as lead legal counsel for the process.

This milestone establishes GRVT as the world’s first regulated DEX, setting a global benchmark for secure, compliant DeFi, advancing institutional adoption, and pioneering true CeDeFi.

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As of 11th July 2023, GRVT is also officially registered as a VASP entity in Lithuania out of the Gravity Baltic UAB entity.

Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our [Risk Disclosure and Disclaimer] in full.

Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore ("MAS"). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.

GRVT International Limited (“GIL”), the operating entity of GRVT in Bermuda, has not yet commenced operation. GIL will formally launch once it has satisfied all pre-operational conditions required by the Bermuda Monetary Authority.