Company Information

Get to know novi finance

Originally announced as "Calibra" in 2019, Novi was Meta's (formerly Facebook) ambitious entry into cryptocurrency and global payments. It was designed as the official digital wallet for the Libra blockchain project, which was later rebranded to Diem. The mission was to enable simple, fast, and low-cost international money transfers for everyone. However, the entire project faced immense and sustained regulatory scrutiny from governments and central banks worldwide, who raised concerns about financial stability, monetary policy, and potential for illicit use. After a limited pilot program launched in late 2021 (using the USDP stablecoin instead of Diem), Meta officially announced the discontinuation of Novi, with all services ceasing on September 1, 2022.

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Crypto CryptocurrencyPRIMARY
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novi finance

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.