[DerivaDEX Managed by DAO Obtains License from Bermuda Monetary Authority] According to The Block, DEX Labs CEO Aditya Palepu revealed that DerivaDEX, managed by a DAO, has obtained a license from the Bermuda Monetary Authority. This is the first DAO-related license issued by the Bermuda Monetary Authority. It is reported that DerivaDEX is a decentralized derivatives trading platform focused on institutional users and is expected to launch by the end of the year. The protocol was designed by veterans from DRW and Consensys and is backed by venture capital firms such as Dragonfly, CMS Holdings, Electric Capital, and Polychain.