TradFi vs. DeFi

The yWhales team dive deep into TradFi versus DeFi with Zemfira Khisaeva, Global Head of Technology and Enterprise Strategy at Scotiabank, Lili Wang, General Partner at QIS Capital, and Eli Cohen, Partner at GenTrust Wealth Management and Catenary Alternative Asset Management. They talk about the progressive of Web 1.0 and 2.0 into Web 3.0 and why Web 3.0 as a reason to understand where these industries are going. 

 

About Guests

Zemfira Khisaeva is a global technology and finance executive. She is Global Head of Technology and Enterprise Strategy at Scotiabank helping to change its technology function to meet the needs of the future of banking. Prior to that, she was in charge of building Scotiabank’s Enterprise Strategy group, a start-up within a large institution, to compete with McKinsey’s and BCG’s of the world in solving the Bank’s most pressing challenges. Zemfira is very passionate about technology and its impact on the future of finance.

Lili Wang is a GP at QIS Capital, a crypto hedge fund using AI technology and quantitative research methods. She also invests, advises, and builds in web 3.0 through Castle Seal. Lili started her career at Goldman Sachs, in investment banking and private equity, and later traded public equities at Seneca Capital.

Eli Cohen is Partner at GenTrust Wealth Management and Catenary Alternative Asset Management. He is responsible for the selection, oversight, management and development of alternative investment strategies including hedge fund, private equity, opportunistic and other non-traditional strategies. Prior to joining GenTrust, he worked at Strategic Investment Group, an outsourced investment office for pension funds, foundations, and endowments with over $30 billion in assets under management. 

 

You’ll learn about:

• Thoughts on the convergence of traditional markets and cryptocurrency
• KPMG investing a large amount into crypto
• How Leverage creates a lot of volatility and destabilizes markets across the board
• The Bitfinex hack and wallet tracking
• The difference between TradFi and DeFi
• The panel’s investments in crypto and how projects are valued
• What the panel thinks will mark the merger of TradFi and DeFi
• What it will take for adoption to become mainstream

 

Resources: 

Connect with Zemfira Khisaeva: LinkedIn

Connect with Lili Wang: LinkedIn

Connect with Eli Cohen: LinkedIn

Connect with YWhales: Website | BitClout | Twitter

 

Timestamps

[01:55] Eli’s background

[15:25] Lili’s background

[07:38] Zem’s background

[09:14] The transition to Web3

[16:00] The Fed and interest rates

[21:22] Preserve the financial system and preventing the new system from failing

[24:05] KPMG investing a large amount into crypto

[27:44] Leverage creates a lot of volatility and destabilizes markets across the board

[34:39] Blockchain transparency 

[37:28] The Bitfinex hack and wallet tracking

[46:57] The difference between TradFi and DeFi

[54:50] The rate of technological innovation outweighs the government’s reactions/regulations

[56:38] Investments in crypto and how projects are valued

[1:11:53] What is it going to take for adoption to become mainstream

 

DISCLAIMER: yWhales is not affiliated with YPO but at this time only allow for YPO, YPO Gold, and YNG members due to privacy & confidentiality. Support and production for today’s episode was done by Truth Work Media. Nothing in the podcast constitutes professional and/or financial advice, nor does any information on the podcast constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.