Aave Labs founder Stani Kulechov said cryptocurrencies have the opportunity to provide traditional financial players with traditional financial players who are already studying non-traditional financial technologies after being disappointed by banks.
“We have seen a lot of money in fintech because of the horrible banking experience, and the fintech application is able to capture a lot of market share,” Kulechov said in 2025’s Ethcc.
He added, Aave Labs, development Decentralized loans And liquidity platform AAVE protocol and other decentralized financial projects “are working on how to really get all these utilities into a more decentralized medium.”
“More than 60% of the population has some kind of digital wallet. It’s not a chain, but they have some kind of digital means to interact with certain transactions,” Kulechov said.
“At present, many adoptions have already happened in digital financing, and how continuation has brought about this massive chain.”
Token real-world assets can attract Tradfi
Kurchev said Tokenization Real-world assets are “trillions of dollars” opportunities for the cryptocurrency sector to interact with traditional finance.
He added: “There are real estate, government bonds, there are stocks, corporate bonds, and there are many other categories of assets that can be handled more efficiently in a transparent ledger and a more programmable environment.”
If the cryptocurrency sector “can be “available to get something that has all this legacy,” it could create a more efficient environment for assets and can “beyond” and create “assets that may exist (not exist) due to these inefficiencies”, Kulechov said.
He added: “DEFI is the only technology that can do this in a boundless way.”
For large-scale adoption, DEFI needs to be “10 times better”
However, Kulechov acknowledged that decentralized finances are “not really publicly known” and that many protocols (including AAVE) are “not even close to” having the same number of users as some Fintech applications.
Defi needs to come up with a “clear value proposition” and needs to address “real problems and good solutions” to have the opportunity to have a large scale adoption, he said, adding:
“If we want to compete with traditional finance, if we want to change the world, we want to do 10 times better.”
“Your product needs to be 10 times better,” he said.
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He added: “When we bring traditional assets, traditional value chains, we have to offer something better. A better value proposition is needed: simplicity and accessibility.”
Tradfi has started using blockchain
Some fintech companies Already started using blockchain Technology, including Blackrock, launched Ethereum’s tokenized money market fund in March 2024, with a total value that has grown to more than $2.8 billion.
The same is true for the company Filed in April Create a shared category for a digital ledger based on its fiscal trust fund, which will use blockchain to record share ownership.
Asset manager Libre Capital said in April it would give $500 million in telegraph debt that could be used for approved investors as collateral for OnChain’s borrowing.
Magazine: Tradfi is building Ethereum L2s in the form of trillions of dollars in RWAS – Internal Story
