Who benefits from DeFi and who does not.

There are no greater enthusiasts for revolution across the financial services industry than the entrepreneurs active in the Decentralized Finance (DeFIi) market. Their ambition is not to compete with the banks and insurers and asset managers and financial market infrastructures, but to dispense with them. Future of Finance co-founder Dominic Hobson asked Loretta Joseph, who advises a number of organisations around the world on adoption of blockchain technology, including the governments of Bermuda, Antigua/Barbuda, Serbia, South Australia and Mauritius, how regulators should respond to the prospect of un-intermediated finance, and what benefits consumers can expect to gain from its advent.