Legacy Firms Face the Mirror: Onchain Finance's Inevitable Rise The traditional financial industry has long prided itself on its ability to adapt to changing times, but the emergence of onchain finance threatens to upend this self image once and for all.
For years, Wall Street has dismissed the crypto sector as a fringe phenomenon with little real world relevance.
However, the recent shift towards onchain products – which pair public blockchains with trusted third party issuers – is forcing legacy firms to take notice.