Cointelegraph | Apr The date is September 23, 2023 at 9:00 AM ET
Ethereum has been portrayed as a rival to traditional finance. In truth, the two systems are intertwined. Ethereum’s core benefits – self-custody, transparency, and disintermediation – are highly appealing to financial organizations, and they can be implemented within existing regulatory frameworks. Ethereum has taken the first steps to institutional adoption and, with its unparalleled decentralization, it is almost ready to become the primary settlement layer for global financial transactions.
Alex O’Donnell is the founder and CEO of Umami Labs and one of the early contributors to Umami DAO. Prior to this, he worked as a financial reporter for seven years at Reuters, covering M&A and IPOs.
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Written By: Cointelegraph