Traditional financial institutions have been making headlines recently by purchasing decentralized finance (DeFi) tokens. This development is significant as it suggests that TradFi giants, such as BlackRock, are increasingly interested in exploring the DeFi space.
The reason behind this trend is not entirely clear, but it may be attributed to the growing popularity of DeFi platforms and the increasing adoption rate of cryptocurrencies. By purchasing DeFi tokens, these institutions may be attempting to diversify their portfolios or gain exposure to new markets.