PANews reported on March 9 that according to The Block, Violet, which provides compliance and identity infrastructure for decentralized finance, launched Mauve, a compliance-focused decentralized exchange. Coinbase Ventures and Brevan Howard join DEX (Mauve) in $15M funding round. Ethereal Ventures, BlueYard Capital and Balderton are other backers. Violet plans to use the funds raised to accelerate Mauve’s global adoption.

Founded in 2021, Violet is a leading provider of compliance and identity infrastructure for DeFi and the broader Web3 space. The developers of Mauve, the world’s first decentralized exchange (DEX) built for compliance, Violet is actively working to build solutions to restore trust in cryptocurrency around the world.