Viewpoint: Institutions will no longer distinguish between DeFi and TradFi in a few years, and all capital market activities will be on-chain.
According to Odaily, Maple Finance co-founder and CEO Sidney (Sid) Powell stated that in a few years, institutions will completely stop distinguishing between DeFi and TradFi, and eventually all capital market activities will take place on-chain. Blockchain will play a similar role in financial services as the internet did in transforming the way people shop, becoming the next technological layer underpinning global markets. Cryptocurrency will become the infrastructure of capital markets, with most transactions being cleared and settled using public ledgers instead of traditional systems. More debt capital markets will adopt crypto-native structures, including bitcoin-backed mortgages and other asset-backed securities linked to crypto lending, as well as crypto credit card issuers whose receivables can be securitized and sold to the capital markets. (CoinDesk)
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