DeFi (decentralized finance) will gobble the traditional financial system to rephrase the famous quote.
The modern financial system has been designed around the idea of a trusted third party or parties. Right now we're witnessing a rise of the brand-new, groundbreaking, independent and transparent financial stack from scratch.The stack doesn't inherit any part of the legacy financial infrastructure, but can be seamlessly integrated with any part of it.
Every financial service eventually will be on blockchain including lending, depositing, money transfers, payments, asset management and others. The same applies to every asset class which will be tokenized on blockchain.
The addressable market is enormous — only global public assets are estimated at $179T as of Dec 2021