Ark Invest: Institutions will increasingly adopt public blockchains over permissioned ones

Ark Invest has countered the view from Andreessen Horowitz (a16z) that traditional financial institutions will favor permissioned blockchains over DeFi. Ark argued that institutions will, in fact, increasingly adopt public blockchain infrastructure. The investment firm asserted that the openness and interoperability of public blockchains will make them the core of financial infrastructure in the long term.