News

The 2022 Digital Asset Summit Concludes With a Positive Outlook on DeFi’s Future

New York, NY, United States, 21st Sep 2022, King NewsWireThe Digital Asset Summit 2022 concluded on 13th September with Asset managers and financial service professionals from all over the world coming together to discuss crypto from the perspective of industry practitioners. 

Cannot view this
image? Visit:
https://orders.newsfilecorp.com/files/8621/137398_524893998442788b_001.jpg

Figure 1

As part of the “Institutional Access to DeFi” panel discussion, Dejun Qian, CEO of Chainge Finance, Shaun Douglas, CEO and co-founder of Amber Data, Martha Rays, Head of Research at Bequant, Johann Bornman, Product Lead at MetaMask Institutional, and Uddhav Marwala, CEO of Friktion Labs, discussed how DeFi fulfills or is yet to fulfill institutional demands.

Dejun Qian expressed his view by saying, “I believe it’s great that we are raising and openly discussing these concerns. Because, say in 2008, not many institutions would have been interested in crypto or DeFi. But gradually, they’ve started to examine the distinctions between centralized and decentralized finance. And we must continue to maintain focus on this most significant aspect: DeFi offers overall more opportunities” 

When asked about how can non-crypto native institutions navigate through the DeFi landscape, all panelists agreed that institutions must deep-dive into different protocols and enrich their teams with dedicated professionals who can objectively evaluate the underlying technology.

As the discussion progressed, pressing issues were discussed, including possible risks to institutions. Dejun explained how for example Chainge Finance addresses this problem by saying, “At the moment, Chainge provides max liquidity, instrumental to performing institutional-level operations while benefiting from the highest security standards – ergo suggesting that when researched properly, DeFi investment risks can become minimal.  

According to Dejun, in the short-term, markets using the US Dollar might be more interested in DeFi as it already has its stablecoin equivalents. Therefore, the US market will most likely host the first wave of DeFi apps.

While talking about the future perspective of DeFi and institutions overall, Dejun said, “I am expecting to see a higher adoption of decentralized derivatives because, as you know, derivatives in traditional finance are not that transparent. But in DeFi, everything is public and settled automatically, enforced by code. Additionally, DeFi is sure to become the new financial fabric of the future for every person and every business on the planet” 

About Chainge Finance

A next-generation DeFi app, Chainge Finance is the most liquid web3 trading platform on the cryptocurrency market, with over $70 billion in aggregate liquidity. It offers a wide range of crypto management tools, including a cross-chain wallet that supports 27+ EVM and non-EVM chains, so users can easily send, receive, and swap crypto assets across chains. In addition to the Escrow Module, Fusion DCRM technology powers and secures the Aggregator, Futures DEX, and the first decentralized Options DEX. 

Website: https://www.chainge.finance/ 

Twitter: https://twitter.com/FinanceChainge 

Telegram: http://t.me/chaingefinance 

Medium: https://chainge-finance.medium.com/ 

Media Contact

Organization: Chainge Finance

Contact Person: Jill Moss

Email: [email protected]

Website: https://chainge.finance

City: New York

State: NY,

Country: United States

The post The 2022 Digital Asset Summit Concludes With a Positive Outlook on DeFi’s Future appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Related posts

Store with Heart Announces its Socio-Entrepreneurial Partnership with MxA Canvas

Team_Bnews

International TEFL and TESOL Ltd – Get Access to The Best TEFL Courses Online

Binary News Network

Syscoin’s Smart Contract Chain Is Live!

Binary News Network