- DerivaDEX has launched a regulatory-first decentralized derivatives exchange under a Bermuda T license for testing, claiming to be the first DAO-governed platform to operate with formal approval.
- The platform, developed by DEXLabs, combines off-chain order matching with on-chain settlement to Ethereum, allowing noncustodial fund control.
- This launch coincides with major traditional asset managers like BlackRock and Apollo Global Management engaging more deeply with DeFi infrastructure.
DerivaDEX has launched its licensed crypto derivatives platform, becoming the first DAO-governed decentralized exchange to operate under a formal regulatory license from Bermuda, according to a statement. It received a T, or test license, from the Bermuda Monetary Authority and offers perpetual swaps to advanced retail and institutional users.
The platform supports major crypto perpetual products and plans to expand into additional markets. Its technology uses encrypted order handling and trusted execution environments to mitigate market manipulation.
Meanwhile, traditional asset managers are increasingly engaging with decentralized finance infrastructure. For instance, BlackRock recently made its USD Institutional Digital Liquidity Fund (BUIDL) available for trading on the Uniswap decentralized exchange.
Consequently, Apollo Global Management agreed to acquire up to 90 million governance tokens of the Morpho lending protocol. These developments occur as U.S. lawmakers debate the Digital Asset Market Clarity Act.
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