DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar.
Institutional investors have a “growing interest” in decentralized finance (DeFi) but are held back by the risks of on-chain transactions, says a Fireblocks executive. The company aims to address these concerns by introducing new features to its platform.
“For institutional investors navigating DeFi transactions, the risks are significant,” Fireblocks security and trust products vice president Shahar Madar told Cointelegraph. “They manage significantly more funds than the average consumer trader.” Madar added:
Despite the risks, Madar said institutional DeFi trading on Fireblocks rose 75% in the first quarter of 2024, reaching “nearly $4.5 billion.”
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