usually portrayed because the enemy of conventional finance within the Manichean wrestle for decentralization. Really, there isn’t a battle. As an alternative of disrupting the standard monetary sector, Ethereum is enhancing it. Quickly the 2 methods might be inextricably intertwined.
Ethereum’s core worth propositions of self-custody, transparency and intermediation are essential to monetary establishments and could be applied inside present regulatory frameworks. Ethereum has already taken its first steps in the direction of institutional adoption, and the unparalleled decentralization of the community is simply destined to develop into the first layer of settlements for world monetary transactions.
Alex O’Donnell is the founder and CEO of Umami Labs and beforehand labored as a contributor to Umami DAO. Previous to Umami Labs, he spent seven years as a monetary journalist at Reuters, the place he coated mergers and acquisitions and IPOs.
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