Markus Maier and Philipp Banhardt, founders of crypto compliance firm Violet (Mauve parent company), explain that Mauve will stand out for offering users the best aspects of decentralized finance—among them secure self-custody and modular design—along with all the stringent compliance checks of traditional banks and brokerages. Other investors in the funding round include BlueYard Capital, Balderton, Ethereal Ventures, and FinTech Collective.
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Coinbase Ventures joins $15m bet on new crypto exchange Mauve—a ‘response to the FTX fallout’
“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,” said Maier in a statement.
