DerivaDEX has launched a Bermuda-licensed crypto derivatives exchange under decentralised autonomous organisation governance after receiving a T test license from the Bermuda Monetary Authority.
The platform has begun offering crypto perpetual swaps to a limited group of advanced retail and institutional participants, operating under formal regulatory oversight while maintaining onchain governance.
The BMA’s T license allows digital asset businesses to test a proof of concept, positioning DerivaDEX as what it says is the first DAO-governed decentralised exchange to operate with regulatory approval.
At launch, the exchange supports major crypto perpetual products and plans to expand into prediction markets and traditional securities, combining off-chain order matching with onchain settlement to Ethereum while preserving non-custodial user control.
Developed by DEXLabs, the platform uses encrypted order handling and trusted execution environments to reduce front-running and market manipulation risks.
The launch comes as traditional asset managers deepen engagement with decentralised finance, including BlackRock making its tokenised US Treasury product available on Uniswap and Apollo Global Management agreeing to acquire up to 9% of Morpho’s governance tokens.
These moves unfold amid ongoing US legislative debates over the Digital Asset Market Clarity Act, with venture firms warning that draft provisions could impose registration or Know Your Customer requirements on DeFi developers and infrastructure providers.
At the time of reporting, Ethereum price was $1,969.31.