Defi is a concept of something that does not exist in TradFi, which is the idea of permissionless peer-to-peer engagement and networks.

That is something that there is nothing that's analogous for in analog.

Tradfi, they see this as more than just a tokenization machine.

They seem pretty open to the whole panoply of what Defi can offer.

Welcome to Bankless. We explore the frontier of internet money and internet finance. And today

we're exploring a survey done by the Paradigm policy team, which investigated exactly where

institutions are on that frontier of internet money and finance.

300 Tradfai professionals were pulled by paradigm and asked questions about their engagement level

with crypto. Are they just researching or are they actively getting involved?

If they are getting involved, how? tokenization, stable coins, leveraging defy infrastructure

like Dex's and borrowing and lending apps, why are they

getting involved? To cut costs, settlement times, transparency, what motivates their engagement

with crypto? And also, my favorite, what do they think about DeFi? And maybe to tease a punchline,

I was surprised by the sheer percentage of TradFi companies that consider defy to be critically important to their

business in the future. Dan Robinson and Justin Slaughter from Paradigm are with me on the episode today

to go through their report slide by slide. So if you're listening to this podcast, you should know that we are

sharing these slides visually on Spotify or YouTube on the video. So if you want to get the full effect

of a very bullish report, you should go check that

out.

But also, if you're just out and about listening, we explain it pretty well.

So it should work just as well that way as well.

So let's go ahead and get right into the podcast with Justin and Dan from Paradine.

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