Traditional banks have long been wary of crypto and DeFi, but thanks to increased regulatory clarity, endorsements from TradFi heavyweights and growing client demand, it’s clear that crypto is here to stay.
But simply “accepting” crypto might not be enough to stay relevant. Banks need to fully engage with the right partners to help develop next-generation financial infrastructure, otherwise the fintech and blockchain sectors will move on without them.
While some believe that DeFi models are destined to supplant the traditional ones, it’s an unlikely scenario. Current market infrastructures and regulatory safeguards are there for handling institutional liquidity and customer protection.
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