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About Mauve
In March 2023, Violet announced the launch of Mauve, positioning it as an "anti-FTX" compliant decentralized exchange (DEX), and completed a $15 million funding round with investors including Coinbase Ventures and Brevan Howard. Mauve combined non-custodial trading with compliance checks, establishing a path integrating DeFi and TradFi.
In September 2023, Mauve went live, supporting trading of compliant assets such as stablecoins (USDC, EuroCoin) and liquid staking tokens (cbETH, lsETH), and targeting real-world assets (RWA). Through on-chain AML/sanctions screening and configurable liquidity pools, it enabled institutional users to participate in on-chain trading without giving up custody.
In October 2023, Mauve became the first non-custodial exchange registered under the Cayman Islands Monetary Authority's Virtual Asset Service Provider (VASP) regime. This regulatory milestone gave compliant DEXs an explicit legal status, setting a precedent for future RWA and institutional liquidity on-chain.
In April 2026, Mauve officially launched as the first non-custodial DEX for compliant real-world assets (RWA). Its protocol is a Uniswap V3 fork with Violet's privacy-preserving compliance layer, requiring users to pass ongoing AML checks. It supports swapping and liquidity provision, with no platform token. The operating entity Mauve Ltd. holds a VASP registration from CIMA, Cayman Islands.
No official roadmap has been disclosed; based on its website, future focus is to advance compliant DeFi and expand RWA trading use cases via reusable credentials.
Mauve (mauve.org) is the first fully AML-compliant, real-world asset (RWA) focused decentralized exchange, built on Violet's compliance infrastructure. Its co-founder and co-CEO is Markus Maier (@zkmaier). Markus holds an MBA from Harvard Business School and previously worked at Bridgewater Associates, Amazon (Senior Product Manager), and Axel Springer (Chief of Staff). In 2021, he founded Violet (on-chain compliance-as-a-service) and Nudge, and in 2023 led the launch of Mauve, securing VASP registration from the Cayman Islands Monetary Authority. Mauve operates as a non-custodial AMM (a Uniswap V3 fork) with protocol-level AML, geofencing, and on-chain 2FA, while ensuring user PII is never exposed via privacy-preserving tech. No other core executives/co-founders are publicly disclosed.