The institutional introduction of Defi is many years away, says Blackrock Manager
Joseph Chalom-Head of Strategic Partnerships at Blackrock-is of the opinion that the current regulatory environment for leading institutional investors is not exactly inviting to participate in decentralized financing.
He predicted that crypto companies such as Coinbase could play a crucial role in such a transition and could act as a bridge between Defi and the traditional financial system.
- Chalom believes that the participation of large institutional investors in defi is still "many, many years away".
"Not that I would be pessimistic-I just live in a heavily regulated environment, and that also applies to our customers."
- He said that a possible introduction could be promoted by leading cryptocurrency organizations such as the Coinbase stock exchange based in the USA. The latter provides Wallets at an institutional level that investors could bind from traditional and decentralized finance.
- Blackrock recently caused a stir in the crypto industry Submission with the SEC to launch a spot bitcoin ETF in the USA. In view of the extremely successful cooperation with the Commission, the market reacted positively to the news.
- Bitcoin and most alternative coins recorded considerable growth, while global market capitalization exceeded $ 1.2 trillion (Coingecko data).
- It is worth noting that the world's largest asset manager intends to rely on Coinbase as a crypto depot bank if the Sec gives the Green Light for the product.
- The initiative of Blackrock has inspired other financial giants once again submit Your applications for a spot BTC ETF in America. Such examples are investco, Wisdomtree and Valkyrie.
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