The ‘Great Convergence’: the encroachment of DeFi into CeFi -Urs Bolt with Jonny Fry and James Tylee

The institutionalisation of DeFi is progressing despite the depressed crypto markets. But is the implementation of DeFi concepts to CeFi systems with central governance the right approach? Regardless of the answer, applying DeFi-protocols to CeFi can certainly help to innovate it. The institutionalisation of DeFi is not only driven by major international financial institutions and asset managers but also boutique-size firms supported by regulators and industry associations. A case in point is the huge potential in private market assets. Alternative investing platforms that open access to non-traditional assets for retail investors will have a transformative impact on both retail and institutional investing.