DEX Mauve Raises $15 Million To Provide Transparent Trading To DeFi
Key Points:
- Mauve raised $15 Million with participation from Coinbase Ventures and Brevan Howard.
- The DEX allows users to trade without giving up custody of their assets.
- It combines the advantages of DeFi and TradeFi to enable crypto investors worldwide.
Violet, the provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), announced the launch of Mauve, the world’s first compliant decentralized exchange (DEX) designed to bring the best of both DeFi and traditional finance (TradFi) to the crypto markets.
According to the company’s release, Coinbase Ventures and Brevan Howard have joined the DEX’s $15 million investment round. Other investors included Ethereal Ventures, BlueYard Capital, and Balderton.
Violet intends to utilize the funds generated to speed up the worldwide adoption of Mauve.
Markus Maier, Violet’s co-founder, stated:
“Mauve is a direct response to the FTX fallout, which has significantly eroded trust in crypto globally by misappropriating funds. The future is dependent on the continued adoption of non-custodial crypto exchanges. Mauve empowers its users to trade without surrendering custody of their assets. This means no one can access, much less steal, any retail or institutional investor’s funds, helping to restore confidence among market participants.”
Mauve expects its users to pass stringent compliance tests. These checks guarantee that compliance-conscious users, who are now limited to centralized and custodial exchanges, may confidently migrate to DeFi. Users may trade using immediate settlement without the need for middlemen.
Mauve combines the advantages of DeFi and TradFi to enable crypto investors worldwide.
The system uses DeFi architecture to allow self-custody, ensuring that money stays the property of its real owner rather than a separate custodian. Moreover, the platform provides its customers with TradFi-level compliance assurances, significantly decreasing counterparty risk.
Mauve is based on Violet’s on-chain compliance infrastructure, which generates privacy-preserving compliance credentials and uses multi-factor authentication for security and identity continuity.
The credentials are transferable to other apps, establishing Mauve as the foundation of a broad compatible DeFi ecosystem based on Violet’s credentials.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Author
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DEX Mauve Raises $15 Million To Provide Transparent Trading To DeFi
Key Points:
- Mauve raised $15 Million with participation from Coinbase Ventures and Brevan Howard.
- The DEX allows users to trade without giving up custody of their assets.
- It combines the advantages of DeFi and TradeFi to enable crypto investors worldwide.
Violet, the provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), announced the launch of Mauve, the world’s first compliant decentralized exchange (DEX) designed to bring the best of both DeFi and traditional finance (TradFi) to the crypto markets.
According to the company’s release, Coinbase Ventures and Brevan Howard have joined the DEX’s $15 million investment round. Other investors included Ethereal Ventures, BlueYard Capital, and Balderton.
Violet intends to utilize the funds generated to speed up the worldwide adoption of Mauve.
Markus Maier, Violet’s co-founder, stated:
“Mauve is a direct response to the FTX fallout, which has significantly eroded trust in crypto globally by misappropriating funds. The future is dependent on the continued adoption of non-custodial crypto exchanges. Mauve empowers its users to trade without surrendering custody of their assets. This means no one can access, much less steal, any retail or institutional investor’s funds, helping to restore confidence among market participants.”
Mauve expects its users to pass stringent compliance tests. These checks guarantee that compliance-conscious users, who are now limited to centralized and custodial exchanges, may confidently migrate to DeFi. Users may trade using immediate settlement without the need for middlemen.
Mauve combines the advantages of DeFi and TradFi to enable crypto investors worldwide.
The system uses DeFi architecture to allow self-custody, ensuring that money stays the property of its real owner rather than a separate custodian. Moreover, the platform provides its customers with TradFi-level compliance assurances, significantly decreasing counterparty risk.
Mauve is based on Violet’s on-chain compliance infrastructure, which generates privacy-preserving compliance credentials and uses multi-factor authentication for security and identity continuity.
The credentials are transferable to other apps, establishing Mauve as the foundation of a broad compatible DeFi ecosystem based on Violet’s credentials.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
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