Decentralized Finance (DeFi): A Primer for Professional Investors
San Francisco • Nov 16, 2021
Decentralized Finance (DeFi) is one of the most exciting corners of crypto. The goal of DeFi is to create a more accessible, efficient, and transparent financial system by leveraging one of crypto’s greatest breakthroughs: programmable money. In this white paper, we put the DeFi movement into context, contrast it to the incumbent alternative, and explore how much market share the disruptive technology could capture. We find that if DeFi were to attain the same penetration relative to its incumbents that other successful disruptive technologies like e-commerce and electric vehicles have achieved (50-70%), it could become a $15 trillion industry over the next 5-15 years.
READ WHITE PAPERBitwise Asset Management is a global asset manager specializing in crypto and onchain finance with a nine-year track record and more than $14 billion in client assets. The firm’s suite of over 70 investment products—spanning ETFs, option income strategies, model portfolios, DeFi vaults, tokenized funds, and staking—helps investors access opportunities across the financial frontier. Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The company is headquartered in San Francisco, with offices in New York and London.
