Opinion: In a few years, institutions will no longer distinguish between DeFi and TradeFi; all capital market activities will be recorded on the blockchain.

According to Odaily Planet Daily, Maple Finance co-founder and CEO Sidney (Sid) Powell stated that in a few years, institutions will no longer distinguish between DeFi and TradeFi, and ultimately all capital market activity will take place on-chain. Blockchain will play a similar role in financial services; on-chain finance, just as the internet transformed how people shop, is the next technological layer upon which global markets will operate. Cryptocurrencies will become the infrastructure of capital markets, with most transactions using public ledgers rather than traditional systems for clearing and settlement. More debt capital markets will adopt cryptocurrency-native structures, including Bitcoin-backed mortgages and other asset-backed securities linked to cryptocurrency loans, as well as cryptocurrency credit card issuers whose receivables can be securitized and sold on the capital markets. (CoinDesk)