Crypto has the opportunity to kick off traditional financial players, who are already looking at non-financial traditional technology after banning banks, says Aave Labs founder Stani Kulechov.
“Thanks to the terrible banking experiences, we have seen a lot of finances entering Fintech, and FinTech (Fintech applications (have been captured) a lot of shares in the market,” Kulechov said onstage at ETHCC 2025.
He added that the aave labs, which would form the Decentralized lending and Aave Protocol’s liquidity platform, and other decentralized financial projects are “working on how to actually get all of these utilities in more decentralized mediums.”
“More than 60% of the population has some type of digital purse. It’s not onchain, but they have some kind of a digital way of interacting with certain transactions,” Kulechov said.
“A lot of adoption has happened to digital finances today, and continuing is how to bring this mass onchain.”
Tokenized real-world assets can be pulled to tradfi
Kulechov said that the Tokenization Real-world assets are a “multi-trillion-dollar opportunity” for the crypto sector to engage in traditional finance.
“There is real estate, there are government bonds, there are equal -equal, corporate bonds, and there are a bunch of other categories of property that can better handle on a transparent ledger and a more programmable environment,” he added.
Kulechov said that if the crypto sector “gets all of these legacy in onchain,” it can create a better environment for possession and can “build beyond” and create possession of “which may exist (not) exist due to these ineffectives.
“Defi is the only technology that can really do that in an infinite way,” he added.
Defi has to be “10 times better” for mass adoption
However, Kulechov acknowledged that decentralized finances “are not really publicly known” and many protocols, including AAVE, are “not even close” in the presence of the same number of users as some fintech apps.
He said Defi had to show “a clear value proposal” and had to solve “real problems and have good solutions” to have a chance to adopt mass, adding:
“If we want to compete with traditional finances, if we want to change the world, we want to do things 10 times better.”
“Your product needs to be 10 times better,” he said.
Related: The amount of crypto lies in bridging the gap between tradition and disruption
“When we bring traditional properties, the traditional value chain, we have to offer something better. It needs to be a better proposal of value: simplicity and accessibility,” he added.
Tradfi started using blockchain
Some firms firms financial started using blockchain The technology, including Blackrock, which launched an Ethereum based on the tokenized Money Market Fund in March 2024 that grew more than $ 2.8 billion in total value.
The company also Filed in April To create a sharing class based on a digital ledger for the Treasury Trust Fund, which will use the blockchain to record the sharing owner.
Asset Manager Free Capital said in April that it would take up $ 500 million in telegram debt, which would be available to accredited investors and available as collateral for onchain borrowing.
Magazine: Tradfi builds Ethereum L2S to i -tacenize trillions in RWWA – within the story
