Emin Gun Sirer, co-founder and CEO of Ava Labs, spoke with Cointelegraph at the World Economic Forum in Davos on the ever-evolving relationship of DeFi and TradFi.
The Ava Labs co-founder highlighted that DeFi could offer services to people that TradFi doesn’t, especially when it comes to democratized access to financial services and platforms.
Sirer believes that the two will come together. However, this is a developing mindset in the DeFi space, as first-generation DeFi systems presented an alternative to TradFi. According to Sirer, this is because these two financial worlds initially had different values, which are now merging. “Now TradFi is understanding that, yes, [DeFi] has the transparency that we clamor, [they] can do safety tests on their systems because of the audit-ability of the systems they built, that we cannot do.”
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