Returning for its sixth edition, the Singapore FinTech Festival brings together global knowledge sharing from leading academics, practitioners and thought leaders to discuss key trends in finance and technology. This year, Nasdaq served as one of the media partners for the Singapore Fintech Festival, providing coverage on Nasdaq’s TradeTalks with Global Markets Reporter Jill Malandrino. Nasdaq’s TradeTalks sat down with Michael Karbouris, Head of Strategy for Nasdaq’s Anti-Financial-Crime Technology, to discuss the emerging technologies in Decentralized Finance (DeFi) and how they can achieve institutional adoption.Â
What is Decentralized Finance (DeFi)?Â
Decentralized Finance (DeFi) is the application of the Peer 2 Peer model to the institutional financial world. This means less reliance on centralized financial intermediaries and instead, a reliance on smart contracts, principally living on Ethereum but increasingly also on other blockchain protocols. One way to think about DeFi is as the internet for money. DeFi allows users to do many of the things that we do in the traditional financial world – lend, borrow, trade assets, and more – without the use of a third party, in an ecosystem that is global, operates around the clock, and runs with little to no…
