Lorenzo Valente: Traditional finance will rely on open DeFi infrastructure in the future

ARK Invest research director Lorenzo Valente refutes a16z Crypto's view that traditional finance requires blockchain rather than DeFi, and believes that financial institutions will be built on an open DeFi infrastructure in the future. Lorenzo Valente pointed out that crypto native enterprises such as Circle and Coinbase may be the builders of the next generation of financial infrastructure. A16z Crypto believes that traditional financial institutions will build a "programmable financial infrastructure" managed by licensing. Sentora co-founder Jesus Rodriguez believes that financial institutions will eventually adopt DeFi underlying infrastructure and overlay compliance and control mechanisms. （Cointelegraph）