Ethereum Co-founder: "Adoption of DeFi by TradFi Is Increasing"

Ethereum (ETH) co-founder and CEO of infrastructure company ConsenSys, Joseph Lubin, claimed that the integration of TradFi and DeFi is accelerating.

On the 16th (local time), CEO Joseph Lubin stated on his X (formerly Twitter), "Many companies are incorporating Bitcoin (BTC) and Ethereum as financial assets," adding, "This is an example demonstrating the increasing adoption of DeFi by TradFi."

Lubin also suggested that in order to accelerate this process, the entry of Wall Street should be encouraged. He explained, "To get Wall Street interested in decentralized protocols, continuous upward potential of investment products must be shown. If that happens, Wall Street will also conduct in-depth research to understand companies adopting digital assets."

Throughout this process, CEO Lubin especially emphasized the importance of DeFi. He stated, "First, we need to attract Wall Street’s attention to normalize DeFi. Next, we must build user apps for consumers and enterprises," and stressed, "As a result, the paradigm shift toward the decentralization of the global economic system could accelerate."