Share this article
Violet’s Decentralized Exchange Mauve Goes Live for Trading Compliant and Real World Assets
The DEX was developed in a direct response to the fallout from the collapse of crypto exchange FTX.
Updated Sep 14, 2023, 8:00 a.m. Published Sep 14, 2023, 8:00 a.m.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
DEXs are blockchain-based apps that coordinate trading of digital assets between users. In the decentralized environment, users trade without surrendering custody of their assets – as they would have to for a centralized exchange – meaning that no one can misappropriate these digital assets. Mauve was developed in a direct response to the fallout from the collapse of centralized crypto exchange FTX.
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 (COIN). DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without using traditional intermediaries.
“We believe the future of finance is on-chain,” said Markus Maier, a co-founder of Mauve. “The foundation is our programmable compliance infrastructure, Violet, which we purpose-built for the needs of RWA issuers and institutional buyers,” he added, referring to real-world assets.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
