The slow and steady convergence of blockchain-based finance and traditional financial markets is now a widely accepted prognosis. True, the implosion of values on the cryptocurrency and decentralised finance (DeFi) markets since the autumn of 2021 has made convergence seem the obvious path in the future. But the acceptance of this possibility by all but the most unreconstructed voices at either end of the spectrum owes much to the efforts of a small number of early blockchain pioneers and enthusiasts that have long argued for regulators to embrace crypto-assets and cryptocurrency issuers to embrace regulation. Joseph Weinberg, co-founder of the Shyft Network, in one of them. He spoke to Dominic Hobson, co-founder of the Future of Finance, about regulation and the special importance of digital identity in creating a trustworthy industry as well as a regulated one.