ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim
CoinTelegraph·
60-second summary
ARK Invest's director of research is pushing back against a16z crypto's claim that traditional finance will adopt permissioned blockchain infrastructure instead of decentralized finance, stating institutions will increasingly rely on DeFi rails, contradicting the thesis that institutions want blockchain but not DeFi, which has significant implications for the adoption and growth of decentralized finance in the industry.
ARK Invest’s director of research disputed a16z crypto’s thesis that traditional finance will adopt permissioned blockchain infrastructure instead of decentralized finance, saying institutions will increasingly rely on DeFi rails.