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GRVT Secures Class M License to Revolutionize DeFi Compliance

Author: Content Editor
Gravity (GRVT), a hybrid cryptocurrency exchange, has become the first decentralized exchange (DEX) to be approved by regulators. It has received the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA) under the Bermuda Digital Asset Business Act. This license allows GRVT to operate as a digital asset derivatives exchange provider, complying with pre-operational standards. GRVT aims to attract institutional investments by gaining regulatory approval and demonstrating compliance with decentralized technology integration. The company plans to transition to a Full Class license to expand its services to corporate and institutional clients. GRVT also collaborates with other jurisdictions, such as the European Union and Abu Dhabi, for further regulatory approvals. The company's long-term vision is to become a cornerstone of the global financial ecosystem by offering scalable and compliant financial services through its hybrid model.

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