Sidney (Sid) Powell, co-founder and CEO of Maple Finance, stated that in a few years, institutions will no longer differentiate between DeFi and TradFi, and ultimately all capital market activity will take place on-chain. Blockchain will play a similar role in financial services; on-chain finance, just as the internet transformed how people shop, is the next technological layer upon which global markets operate. Cryptocurrencies will become the infrastructure of capital markets, with most transactions clearing and settling using public ledgers instead of traditional systems. More debt capital markets will adopt cryptocurrency-native structures, including Bitcoin-backed mortgages and other asset-backed securities linked to cryptocurrency loans, as well as cryptocurrency credit card issuers whose receivables can be securitized and sold on the capital markets. (CoinDesk)