Violet provides on-chain, privacy-preserving compliance and identity infrastructure for DeFi and has launched Mauve, a DEX purpose-built to blend DeFi self-custody with TradFi-level compliance. Mauve requires users to undergo rigorous compliance checks, issues composable on-chain compliance credentials, and leverages audited smart contracts and multi-factor authentication for security and instant settlement. The platform is positioned to attract compliance-conscious retail and institutional users who currently rely on custodial exchanges. Violet plans to use the $15 million it raised to accelerate global adoption of Mauve and deepen integration between TradFi and DeFi. The company was founded in early 2021 in Berlin and operates as DeFi Labs GmbH under European and German law, including GDPR. Mauve has submitted an application to register as a Virtual Asset Service Provider to ensure AML and sanctions compliance.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2023