Violet Raises $15M in Funding

▤ Summary

Violet, a provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), raised $15M in funding. Founded in 2021 by Markus Maier and Philipp Banhardt in Berlin, Violet has launched Mauve, a compliant Decentralized Exchange (DEX) purpose-built to offer the best of both DeFi and Traditional Finance (TradFi) to the crypto markets. These checks ensure compliance-conscious users, who are currently restricted to centralized and custodial exchanges, feel confident migrating to DeFi. Fully transparent and governed by audited smart contracts, users can trade with instant settlement, without relying on intermediaries. Registration is intended to ensure Mauve maintains compliance with AML and sanctions laws.

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