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BlackRock Executive Stresses Importance of Knowing Counterparties in DeFi for Institutional Engagement

It is critical for financial institutions to know who they are trading with when using decentralized finance (DeFi) protocols, asset management giant BlackRock’s head of strategic partnerships, Joseph Chalom, has said. "...

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BlackRock Executive Stresses Importance of Knowing Counterparties in DeFi for Institutional Engagement
It is critical for financial institutions to know who they are trading with when using decentralized finance (DeFi) protocols, asset management giant BlackRock’s head of strategic partnerships, Joseph Chalom, has said.
"The first issue is, who am I trading with? [...] We go to jail, if we don't know who we're trading with," Chalom told the audience during the State of Crypto Summit hosted by Coinbase and the Financial Times on Thursday in New York....
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