Cryptofinance CEO: Traditional finance is over 5 years behind in DeFi

Vander Straeten, CEO of Cryptofinance, said at a recent event that it will take at least five to 10 years for traditional financial institutions to adopt decentralized finance (DeFi). He explained that large financial institutions are inevitably cautious about entering new markets before regulatory clarity is established, a structural constraint likely to perpetuate the innovation gap with crypto platforms. Straeten added that younger investors find it difficult to accept the existing system of waiting two days for stock sale settlements and are looking for an environment that allows for immediate reinvestment. While the regulatory landscape is changing rapidly, he noted, major financial institutions will not enter the market without clear rules.