Today, we are excited to share Violet’s new direction. We are building Mauve, the first compliant and registered\* DEX, and in the process, further developing Violet to be the most flexible, comprehensive compliance infrastructure in DeFi and beyond. We are also taking this opportunity to announce an aggregate funding of $15M from a spectacular group of investors and operators.

“Compliance” is inevitable for web3 and crypto – it’s in all of our interests to act now and make our ecosystems “safer” instead of waiting on targeted regulation that eliminates innovative solutions and imposes the same societal ills as web2 regulation.

Humanbound tokens improve on Soulbound tokens by being tied to an identity as opposed to only a wallet.

Users own their data and personal information, not Violet.

Introducing Humanbound Tokens (HBT), a new web3 identity primitive.

Violet is a tool chain to compose, express, and verify identity on-chain. Web3 broadly has created a unique opportunity for greater inclusion of use-cases that have identity at its core. For us, global participation and widespread adoption comes with a need for a fairer and more transparent construction for identity - one where agency is placed back into the hands of the user.