cryptojournalist
GRVT, a crypto exchange blending centralized finance (CeFi) and decentralized finance (DeFi), has secured a license from Bermuda’s Monetary Authority. This approval allows GRVT to operate as a regulated decentralized exchange (DEX), making it one of the first to bridge these two financial systems under regulatory oversight. The company aims to obtain a full license by 2025.
CeFi Meets DeFi
GRVT’s CEO, Hong Yea, believes CeFi and DeFi work better together. He sees DeFi’s transparency and user control combining perfectly with CeFi’s regulated structure, creating a safer, more efficient ecosystem for crypto users.
Full Launch on the Way
After successful trials with 55 institutional partners, 17 market makers, and 20,000 verified users, GRVT is gearing up for its full launch in two weeks. The test phase generated $4.2 billion in trading volume, signaling a strong start.
Joining the CeDeFi Movement
GRVT is part of the growing CeDeFi trend, which merges the trust and rules of CeFi with the innovation of DeFi. Yea noted that DeFi’s lack of regulation makes institutions hesitant, but CeDeFi could solve this issue and help crypto gain mainstream acceptance.
