Following our research on the rise of DeFi, we worked with Boston Consulting Group (BCG) and surveyed 400+ financial institutions. A surprising 86% of them are assessing services on a DeFi framework. The services with the top focus were asset management/payment processing.
#1 86% of Companies are assessing or implementing services built on a decentralized framework.
#2 Larger financial institutions are more likely to adopt DeFi and realize first mover advantages because they can afford more risk.
#3 To facilitate faster, more secure, payment processing services, 38% of companies have turned to DeFi.
#4 From the companies surveyed 70% of them have security concerns over fraud.
#5 DeFi will open up new revenue streams for 67% of the companies that responded.
#6 The lack of regulation was a major challenge for 61% of respondents.
#7 An existing consortium, platform, application, or service is being used by 39% to implement DeFi collaboratively, from the companies implementing DeFi
The Sudden Rise of DeFi: Opportunities and Risks for Financial Services Research Report .