Cryptocurrency Transformation of a Wall Street veteran After former Morgan Stanley CEO Kevin Lepsoe launched a new platform for Decentralized Finance (DeFi). His new company, Infinity Exchange, has received a nice injection of seed funding in an effort to boost DeFi adoption among enterprises. In his pledge to help build DeFi 2.0, Lepsoe described one of DeFi 1.0’s biggest pain points — and you’ve probably never heard of it. As it turns out, if you want organizations to adopt your products and services, you need to give them a product set they are familiar with. Until then, DeFi offers a value proposition that is masked by risks and inefficiencies.
This week’s Crypto Biz newsletter explores Lepsoe’s solution to DeFi risks. We also analyze the latest news related to MicroStrategy and Fireblocks.