Jump Trading quant raised $225 million in 2024 to build Monad, a high-performance blockchain trying to bring Wall Street's trading efficiency to crypto.
The article from CoinDesk discusses Keone Hon, a key figure in the cryptocurrency industry, who is working to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi). Hon, with his background in both sectors, is leveraging his expertise to foster integration, aiming to bring the efficiency, transparency, and accessibility of DeFi to the established systems of TradFi. His efforts include developing hybrid financial products, advocating for regulatory clarity, and promoting technological solutions that can operate across both ecosystems. Hon's initiatives are seen as crucial steps towards mainstream adoption of blockchain technologies in traditional financial markets, potentially revolutionizing how financial services are delivered and consumed.
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