Are Synthetics a Fad or Breakthrough for Finance?” at SXSW, Cake Defi Founder and CEO Julian Hosp did his best to bring clarity to many of the late-breaking developments in tokenization models across decentralized finance (DeFi) for an eager SXSW audience.
Were some in the audience from the SEC? Hard to say – but given the questions during the Q&A, lawyers were most assuredly in attendance. Today, the decentralized finance services of Singapore-based Cake Defi (offering staking, liquidity mining and lending) are available everywhere but the U.S., according to Hosp. Yet, he believes the positive implications of decentralized finance go far beyond today’s stock investors and includes the possibility of reaching a global population with limited access to funds and technology.
One other important underlying theme running throughout the hour-long presentation: decentralized finance is about creating tokens that are not a security with its incumbent regulatory framework. This is the hill that DeFi is trying to climb. Given Cake Defi’s recent announcement of its very own venture arm with $100 million of capital, the race is on to grow the space.
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