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Merging traditional finance and DeFi is critical for mass adoption

Published 02/04/2021, 11:46 AM
Updated 02/04/2021, 01:20 PM
Merging traditional finance and DeFi is critical for mass adoption
BARC
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BNPQY
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BTC/USD
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When capital markets opened for the first time this year on Jan. 4, 2021, the focus of the front page of the Financial Times was squarely aimed at Bitcoin (BTC) with the headline: “Bitcoin tops $34,000 as record-breaking rally resumes.”

That Bitcoin is seeing institutional buy-in on a level unsurpassed in its history is certain, but what does this mean for the wider crypto space? How do we move from institutional adoption of Bitcoin or other crypto assets to connecting traditional finance markets with the decentralized finance and digital asset markets? If we can achieve this lofty goal, the inflows of capital, resources and attention would far surpass even the significant current DeFi space, thus leading to greater potential.

Rachid Ajaja is the founder and CEO of AllianceBlock, the globally compliant decentralized capital market. With a deep-rooted understanding of traditional financial institutions, Rachid spent six years as a quantitative risk analyst at Barclays (LON:BARC) Investment Bank, BNP Paribas (OTC:BNPQY) and Moody’s Analytics. A serial entrepreneur with a passion for modeling, analytics development, quantitative analysis and data science, for the last decade, Rachid has been developing and implementing models and methodologies to help organizations with forecasting and risk management. He currently also serves as a venture partner at Alpha Omega Capital.

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