Yesterday the SWIFT Institute published a paper on digital assets authored by Professor Alistair Milne of Loughborough University School of Business. Professor Milne envisages mainstream adoption of digital assets but predicts that decentralized finance (DeFi), where there is a direct exchange of crypto assets without intermediaries, will continue as a ‘fringe’ activity. Instead, institutions will play a central role in digital assets.
The paper was commissioned by SWIFT but is not reviewed by the organization, nor does it represent its views.
Professor Milne’s observation might appear provocative, but most crypto transactions go via exchanges that could be more heavily regulated in the future.
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