Embracing institutions today will keep defi’s tomorrow on track | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Now that crypto’s volatile streak has calmed down considerably, many projects are looking to bring traditional finance, or TradFi, institutions into the blockchain fold. From banks to asset managers and investment firms, the crypto industry’s message to them has become this: The door is wide open, so step inside. You might also like: Blockchain developers must pull crypto out of its money laundering peril | Opinion But why? If there’s one thing that TradFi institutions are not particularly famous for, it’s embracing new technologies. Fintech companies that deal with fiat currency are typically more nimble here if PayPal jamming themselves into the stablecoin sphere is anything to go by. If you look at big-league banks and storied financial institutions , however, most are notoriously slow at matching adoption to the pa...