DeFi
Blockchain pioneers on Wall Street are torn over the gray area of cryptocurrencies
As Wall Street leapfrogs crypto-native players into the realm of tokenizing real-world assets, traditional institutions are grappling with the question of whether to venture into the gray area of decentralized finance.
This gray area, also known as DeFi, groups together projects that use automated software on blockchains to provide various financial services. These ecosystems are typically outside the control of a single party, surrounded by regulatory ambiguity, and open to a potentially large pool of participants.