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Wall Street Blockchain Pioneers Divided on Cryptocurrency Gray Area
As Wall Street outpaces crypto-native players in the tokenization of real-world assets, traditional institutions are grappling with the question of whether to venture into the gray area of decentralized finance.
This gray area, also known as DeFi for short, includes projects that use automated software on top of blockchains to provide various financial services. Such ecosystems are typically outside the control of any one party, shrouded in regulatory ambiguity, and open to a potentially large pool of participants.