DeFi for Financial Services: Alex Tapscott's "Digital Asset Revolution"

Alex Tapscott's new book breaks down key DeFi concepts for business leaders.

Decentralized finance (DeFi) has enormous potential to transform traditional financial services. Data from Emergen Research recently revealed that the global DeFi platform market size is expected to reach $507 billion by 2028. Additionally, the total value locked in DeFi currently exceeds $75 billion, demonstrating a rapid growth compared to previous months of this year.

Yet the potential of DeFi may still be unrealized by business leaders unfamiliar with the blockchain ecosystem. This notion is highlighted in Alex Tapscott's recent book, Digital Asset Revolution. Tapscott, co-founder of the Blockchain Research Institute and managing director of Ninepoint Digital Asset Group, told Cointelegraph that he believes digital assets are going to be an important building block for a new internet, as well as a financial sector. that change business models and markets. However, Tapscott noted that to date, very few resources have been available to help business leaders understand the relevance of digital assets. He said:

"Words like non-fungible tokens, central bank digital currencies, and stablecoins are foreign to people who aren't...