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The Cayman Islands Monetary Authority has for the first time granted a virtual asset service provider (VASP) licence to a decentralized exchange. Mauve, a non-custodial exchange for trading real world assets, such as stablecoins or fixed income, went live in September. Additionally, more trading pairs will launch in the upcoming months with a focus on supporting issuers of tokenised real-world assets like treasury bills, credit, and bonds.
Markus Maier, co-founder of Mauve, said he believes the future of finance is on-chain. "The foundation is our programmable compliance infrastructure, Violet, which we purpose-built for the needs of real-world asset issuers and institutional buyers. The result is Mauve, a DEX uniquely positioned as the primary liquidity venue for compliant asset trading on-chain."
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