A16Z Crypto · 15 July 2026 · Investment Thesis

TradFi doesn’t want DeFi. It wants blockchains.

A16Z Crypto

Traditional finance institutions are adopting blockchain technology selectively—not to embrace DeFi, but to optimize costs, settlement, and control. The result will be permissioned institutional infrastructure alongside open networks, each reinforcing the other rather than one replacing the other.

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Topics: Crypto & Web3 · Fintech · Banking & Capital Markets

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