executives: DeFi won't win over big banks until it fixes its hacking problem, executives say

Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption. What to know : Industry executives say DeFi’s long-term value lies in overhauling banks’ back-office operations rather than in speculative trading. Institutional capital will remain sidelined, however, until DeFi addresses persistent security flaws. Societe Generale said regulated banks can close these gaps with tokenized assets and bank-issued stablecoins, offering the safety and custody that mainstream clients demand.