DeFi's Path to Mass Adoption Goes Through Fintech Firms, Centralized Exchanges, Morpho Labs Chief Says [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
TradFi has such an advantage with its current infrastructure, there is no incentive to move to DeFi. Neutral DeFi protocols that others can easily build on top of are a better path to scale than giant on-chain brokers or funds such as Aave or Compound. The path to mass adoption of decentralized finance (DeFi) passes through fintech firms and centralized exchanges, which together form a disruptive force with more incentive to switch to the new infrastructure than traditional finance (TradFi) incumbents, according to Paul Frambot, CEO of DeFi lending firm Morpho Labs. Just as the auto industry, for example, has distribution and manufacturing sectors, so does finance. Financial technology companies – fintechs – such as Revolut and Robinhood (HOOD) provide the distribution frameworks for the digitization of financial services. But they still rely on TradFi as the manufacturer, Frambot said. That will change, he said, and points to several pieces of evidence for his thesis that De
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COIN
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- 2/15/24 - Beat
COIN
Sec Filings
- 4/29/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form ARS
- COIN's page on the SEC website