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Repored Coindesk, Mauve, a decentralized exchange (DEX) for trading compliant and real world assets, has officially gone live today, the company said in a press release.
The DEX is one of the first non-custodial exchanges to be approved as a virtual asset service provider (VASP) by the Cayman Islands Monetary Authority, the firm said. It targets asset issuers that need compliance guarantees and controls, allowing secondary markets to exist for on-chain, or tokenized, real-world assets such as fixed income securities.
Mauve is a subsidiary of Violet, a compliance and identity infrastructure platform for decentralized finance (DeFi) backed by the digital assets unit of hedge fund giant Brevan Howard and the venture capital arm of crypto exchange Coinbase.
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