**News Flash: GRVT Secures Bermuda License for Hybrid Crypto Exchange**

GRVT, a hybrid cryptocurrency exchange, has received regulatory approval from the Bermuda Monetary Authority (BMA), securing a Class Modified (M) Digital Asset Business License. This milestone allows GRVT to operate as a regulated decentralized exchange (DEX), blending decentralized finance (DeFi) and centralized finance (CeFi). The company aims to obtain a Class Full (F) license by mid-2025. GRVT's CEO, Hong Yea, emphasizes the potential of regulation to unify CeFi and DeFi, enhancing standards and practices in the crypto space. GRVT plans a soft launch soon, with a mainnet debut in two weeks.