Banks Have No Choice but to Go On-Chain

Description

Paul Frambot lays out the game theory facing every bank and asset manager right now.⁣ ⁣ On-chain rails make pricing fully open. Open competition compresses net interest margin, the exact thing that made TradFi money for decades.⁣ ⁣ “Either you prevent this from happening or you fully lean in.”⁣ ⁣ His point: waiting isn’t neutral. Competitors are already moving on-chain, so standing still means getting disrupted instead of disrupting yourself.⁣ ⁣ “DeFi has much more leverage on TradFi now than people might think.” 🎬⁣ ⁣ #Morpho #DeFi #Bitcoin #Crypto #Onchain #Banking #CryptoNews #TradFi #Web3 #Bankless