TradFi Tomorrow: DeFi and the Rise of Extensible Finance
AI summary of the linked articleA survey of 300 TradFi professionals reportedly found near-unanimous agreement that today's financial system is held back by inefficiencies, and this report argues that DeFi is the future TradFi is set to embrace, which requires supportive policies. Over two-thirds of TradFi firms are looking at DeFi, and almost nine in ten are investing in or researching public blockchains. The authors argue that regulators are the biggest near-term obstacle, blocking banks, exchanges and funds from accessing DeFi, and they call for regulators to open access. |
1 comment macbudkowski.ethSubmitter Highly recommend digging into the report, there are some interesting stats there. E.g.,: - there are about 40M unique onchain addresses holding stablecoins, - there's already $130M in onchain bonds & $3B in onchain treasuries, - most think that in 1-5 years DeFi will have little impact on their business, the sentiment shifts when they think about the 6-10 years time horizon. |
