According to Foresight News, Mauve, a decentralized exchange (DEX) for trading compliant assets and real-world assets, has officially launched today. It 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 platform targets asset issuers who require compliance assurance and control, allowing for on-chain or tokenized real-world assets, such as fixed-income securities, to be traded on secondary markets.

Mauve is a subsidiary of Violet, a DeFi compliance and identity infrastructure platform. Violet is backed by the digital asset division of hedge fund giant Brevan Howard and the venture capital arm of cryptocurrency exchange Coinbase.