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SINGAPORE, Dec. 6, 2024 /PRNewswire/ -- Hybrid cryptocurrency exchange GRVT (pronounced "gravity"), which aims to become the "Goldman Sachs on blockchain", is thrilled to announce its groundbreaking achievement as the first DEX to secure regulatory approval, having obtained the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA).
Regulated DeFi - The Key for Mainstream and Institutional Adoption
This milestone positions GRVT as the world's first regulated DEX, setting a new global standard for decentralized finance and marking a pivotal moment in the industry's evolution toward a more regulated and compliant approach - paving the way for mainstream and wider institutional adoption of DeFi.
GRVT has received class M "modified" digital asset derivative exchange provider license under Bermuda Digital Asset Business Act ("DABA") and will work with the BMA to satisfy the pre-operational conditions before formally launching and serving selected corporate customers. Further, in the coming months, the platform will be working towards upgrading to the Full Class license under the DABA, aiming to launch its global institutional-grade perps DEX in the jurisdiction.
As the DeFi sector evolves, securing institutional and mainstream trust still remains a critical challenge. Without clear regulatory frameworks, many traditional financial institutions remain hesitant to engage with decentralized platforms, fearing risks related to compliance, security, and consumer protection. Regulatory approval is key to bridging this trust gap. By aligning innovation with legal oversight, DeFi platforms can offer the transparency and accountability that institutions require, helping to foster widespread adoption and drive the entire industry toward sustainable growth.
Hong Yea, co-founder and CEO of GRVT, said, "Bermuda is a pioneer in structuring and providing regulatory guidance for the digital asset market. Securing the license from the BMA reinforces our commitment to bridging decentralized finance and regulatory compliance. We've always believed compliance should be the foundation for crypto and DeFi, not an afterthought. Without it, earning institutional trust—and bringing revolutionary technologies to the mainstream—becomes nearly impossible."
The Honorable E. David Burt, Premier of Bermuda, commented, "Bermuda is proud to be a leader in providing regulatory clarity to the digital finance sector. We are happy to see decentralized finance businesses like GVRT utilizing our digital asset regulations and congratulate them on successfully completing our licensing process.
The issuance of the first DABA license for a decentralized exchange demonstrates the willingness of our regulator, the Bermuda Monetary Authority, to engage with the most innovative technologies and businesses in the digital finance sector. We look forward to more decentralized finance businesses choosing Bermuda as we continue to provide the regulatory clarity needed for the digital finance sector to continue to grow."
GRVT is continuing its pursuit of a Full Class F license in Bermuda, demonstrating its dedication to comprehensive regulatory compliance and its readiness to offer a broad spectrum of digital asset services within Bermuda's robust regulatory framework.
Simultaneously, GRVT is actively engaging with regulatory authorities in multiple jurisdictions to advance its licensing efforts. These initiatives include aligning with the Markets in Crypto-Assets (MiCA) framework in the European Union and collaborating with the Abu Dhabi Global Market (ADGM), a leading financial center known for its innovative approach to digital asset regulation.
For more information and to join the GRVT community, visit grvt.io.
Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our [Risk Disclosure and Disclaimer] in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore ("MAS"). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
GRVT International Limited ("GIL"), the operating entity of GRVT in Bermuda, has not yet commenced operation. GIL will formally launch once it has satisfied all pre-operational conditions required by the Bermuda Monetary Authority.
About GRVT
GRVT (pronounced "gravity") is the world's first regulated DEX. Founded in 2022, it operates as a hybrid derivatives platform, offering off-chain order matching and on-chain settlements at an impressive 600,000 TPS. GRVT's vision is to redesign the global financial system from its core by leveraging blockchain technology, giving more people the power to generate and fully own their wealth without barriers. With the ambition to build the "Goldman Sachs on blockchain", GRVT brings institutional expertise to decentralized finance. Our goal is to build an open, scalable financial marketplace, where individuals can easily access financial products.
GRVT official website: https://grvt.io/
For media inquiries, contact: press@grvt.io
Social and Community: X | LinkedIn | Telegram | Discord
SINGAPORE, Dec. 6, 2024 /PRNewswire/ -- Hybrid cryptocurrency exchange GRVT (pronounced "gravity"), which aims to become the "Goldman Sachs on blockchain", is thrilled to announce its groundbreaking achievement as the first DEX to secure regulatory approval, having obtained the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA).
Regulated DeFi - The Key for Mainstream and Institutional Adoption
This milestone positions GRVT as the world's first regulated DEX, setting a new global standard for decentralized finance and marking a pivotal moment in the industry's evolution toward a more regulated and compliant approach - paving the way for mainstream and wider institutional adoption of DeFi.
GRVT has received class M "modified" digital asset derivative exchange provider license under Bermuda Digital Asset Business Act ("DABA") and will work with the BMA to satisfy the pre-operational conditions before formally launching and serving selected corporate customers. Further, in the coming months, the platform will be working towards upgrading to the Full Class license under the DABA, aiming to launch its global institutional-grade perps DEX in the jurisdiction.
As the DeFi sector evolves, securing institutional and mainstream trust still remains a critical challenge. Without clear regulatory frameworks, many traditional financial institutions remain hesitant to engage with decentralized platforms, fearing risks related to compliance, security, and consumer protection. Regulatory approval is key to bridging this trust gap. By aligning innovation with legal oversight, DeFi platforms can offer the transparency and accountability that institutions require, helping to foster widespread adoption and drive the entire industry toward sustainable growth.
Hong Yea, co-founder and CEO of GRVT, said, "Bermuda is a pioneer in structuring and providing regulatory guidance for the digital asset market. Securing the license from the BMA reinforces our commitment to bridging decentralized finance and regulatory compliance. We've always believed compliance should be the foundation for crypto and DeFi, not an afterthought. Without it, earning institutional trust—and bringing revolutionary technologies to the mainstream—becomes nearly impossible."
The Honorable E. David Burt, Premier of Bermuda, commented, "Bermuda is proud to be a leader in providing regulatory clarity to the digital finance sector. We are happy to see decentralized finance businesses like GVRT utilizing our digital asset regulations and congratulate them on successfully completing our licensing process.
The issuance of the first DABA license for a decentralized exchange demonstrates the willingness of our regulator, the Bermuda Monetary Authority, to engage with the most innovative technologies and businesses in the digital finance sector. We look forward to more decentralized finance businesses choosing Bermuda as we continue to provide the regulatory clarity needed for the digital finance sector to continue to grow."
GRVT is continuing its pursuit of a Full Class F license in Bermuda, demonstrating its dedication to comprehensive regulatory compliance and its readiness to offer a broad spectrum of digital asset services within Bermuda's robust regulatory framework.
Simultaneously, GRVT is actively engaging with regulatory authorities in multiple jurisdictions to advance its licensing efforts. These initiatives include aligning with the Markets in Crypto-Assets (MiCA) framework in the European Union and collaborating with the Abu Dhabi Global Market (ADGM), a leading financial center known for its innovative approach to digital asset regulation.
For more information and to join the GRVT community, visit grvt.io.
Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our [Risk Disclosure and Disclaimer] in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore ("MAS"). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
GRVT International Limited ("GIL"), the operating entity of GRVT in Bermuda, has not yet commenced operation. GIL will formally launch once it has satisfied all pre-operational conditions required by the Bermuda Monetary Authority.
About GRVT
GRVT (pronounced "gravity") is the world's first regulated DEX. Founded in 2022, it operates as a hybrid derivatives platform, offering off-chain order matching and on-chain settlements at an impressive 600,000 TPS. GRVT's vision is to redesign the global financial system from its core by leveraging blockchain technology, giving more people the power to generate and fully own their wealth without barriers. With the ambition to build the "Goldman Sachs on blockchain", GRVT brings institutional expertise to decentralized finance. Our goal is to build an open, scalable financial marketplace, where individuals can easily access financial products.
GRVT official website: https://grvt.io/
For media inquiries, contact: press@grvt.io
Social and Community: X | LinkedIn | Telegram | Discord
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GRVT Secures Bermuda License, Becoming World's First Regulated DEX, A Milestone for DeFi to Go Mainstream
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ATLANTA, April 3, 2026 /PRNewswire/ -- Precision Aviation Group (PAG), a leading global provider of aftermarket aviation and aerospace services, today announced that EFIX and PAG Australia have been added to the Safran Electrical & Power Authorized Repair Center (ARC) Network, further expanding PAG's global OEM authorized repair capabilities.
With the addition of EFIX and PAG Australia, PAG now operates five Authorized Repair Centers within the Safran Electrical & Power ARC Network for its DC Generators and GCU, reinforcing the company's commitment to providing high-quality, OEM-approved MRO support across key global regions.
The five PAG companies authorized within the Safran Electrical & Power ARC Network include:
- Precision Aviation Group (PAG) – Atlanta, Georgia, USA
- PAI Canada – British Columbia, Canada
- Tuner Aviation – Glasgow, Scotland
- EFIX – Brazil
- PAI Australia – Queensland, Australia
"This expansion reflects the continued investment we're making across our Component Services organization to meet OEM standards while supporting customers where they operate," said Jordan Webber, Vice President of Component Services at Precision Aviation Group. "Adding EFIX and PAG Australia to the Safran Electrical & Power ARC Network allows us to extend trusted, authorized repair and distribution capabilities into new regions while maintaining the quality, consistency, and reliability our customers expect."
Safran Electrical & Power is a global leader in aircraft electrical systems, and its Authorized Repair Center Network is designed to ensure consistent standards of quality, compliance, and performance across approved service providers.
The inclusion of EFIX and PAG Australia enables PAG to offer expanded regional coverage in South America and the Asia-Pacific region, reducing turnaround times while maintaining the highest standards of safety and reliability.
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of maintenance, repair, and overhaul (MRO) and value-added supply chain services to the aerospace and defense industries. With 26 Repair Stations, 28 locations worldwide, 1,280 employees, and over 1.2 million square feet of production and distribution facilities, PAG offers comprehensive MRO services on more than 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), Military, and Rotary Wing markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model.
www.precisionaviationgroup.com
About Safran
Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.
Safran Electrical & Power is one of the world's leaders in aircraft electrical systems. The company is a key player in equipment electrification and in the electric and hybrid propulsion sector. It has more than 15,500 employees across 13 different countries.
For more information: www.safran-group.com
Photo - https://mma.prnasia.com/media2/2949133/Precision_Aviation_Group__PAG_employee_holds_an_aircraft_part.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1515200/Precision_Aviation_Group_Logo.jpg?p=medium600
ATLANTA, April 3, 2026 /PRNewswire/ -- Precision Aviation Group (PAG), a leading global provider of aftermarket aviation and aerospace services, today announced that EFIX and PAG Australia have been added to the Safran Electrical & Power Authorized Repair Center (ARC) Network, further expanding PAG's global OEM authorized repair capabilities.
With the addition of EFIX and PAG Australia, PAG now operates five Authorized Repair Centers within the Safran Electrical & Power ARC Network for its DC Generators and GCU, reinforcing the company's commitment to providing high-quality, OEM-approved MRO support across key global regions.
The five PAG companies authorized within the Safran Electrical & Power ARC Network include:
- Precision Aviation Group (PAG) – Atlanta, Georgia, USA
- PAI Canada – British Columbia, Canada
- Tuner Aviation – Glasgow, Scotland
- EFIX – Brazil
- PAI Australia – Queensland, Australia
"This expansion reflects the continued investment we're making across our Component Services organization to meet OEM standards while supporting customers where they operate," said Jordan Webber, Vice President of Component Services at Precision Aviation Group. "Adding EFIX and PAG Australia to the Safran Electrical & Power ARC Network allows us to extend trusted, authorized repair and distribution capabilities into new regions while maintaining the quality, consistency, and reliability our customers expect."
Safran Electrical & Power is a global leader in aircraft electrical systems, and its Authorized Repair Center Network is designed to ensure consistent standards of quality, compliance, and performance across approved service providers.
The inclusion of EFIX and PAG Australia enables PAG to offer expanded regional coverage in South America and the Asia-Pacific region, reducing turnaround times while maintaining the highest standards of safety and reliability.
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of maintenance, repair, and overhaul (MRO) and value-added supply chain services to the aerospace and defense industries. With 26 Repair Stations, 28 locations worldwide, 1,280 employees, and over 1.2 million square feet of production and distribution facilities, PAG offers comprehensive MRO services on more than 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), Military, and Rotary Wing markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model.
www.precisionaviationgroup.com
About Safran
Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.
Safran Electrical & Power is one of the world's leaders in aircraft electrical systems. The company is a key player in equipment electrification and in the electric and hybrid propulsion sector. It has more than 15,500 employees across 13 different countries.
For more information: www.safran-group.com
Photo - https://mma.prnasia.com/media2/2949133/Precision_Aviation_Group__PAG_employee_holds_an_aircraft_part.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1515200/Precision_Aviation_Group_Logo.jpg?p=medium600
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Precision Aviation Group Expands Safran Electrical & Power Authorized Repair Center Network to Five Global Facilities
