Violet, the leading provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), announced that it has closed a $15 million funding round. The round was led by BlueYard Capital, Balderton, Ethereal Ventures, FinTech Collective, Brevan Howard, and Coinbase Ventures.

Founder Markus Maier said: “At Violet, we are passionate about combining the power of DeFi and TradFi to create an innovative compliant platform. This funding will help us accelerate our mission to provide users with a trusted financial experience in the DeFi space.” 

The company intends to use the funds to accelerate the global adoption of Mauve, its purpose-built Decentralized Exchange (DEX). Mauve requires its users to undergo rigorous compliance checks and leverages multi-factor authentication for security and identity continuity. The exchange uses Violet’s on-chain compliance infrastructure which issues privacy-preserving credentials across applications while remaining fully transparent and governed by audited smart contracts.

Violet is committed to meeting regulatory standards and is registered as a Virtual Asset Service Provider in Europe subject to European and German law including the General Data Protection Regulation.