Wu said that a16z crypto's article points out that traditional financial institutions are not looking to directly adopt DeFi. Instead, they prefer blockchain functionalities that can reduce costs, improve settlement, and enhance capital efficiency, while discarding features like open access, anonymity, and trustless execution based on compliance, control, and operational requirements. The author believes this will lead to the creation of a more permissioned and compliant 'programmable financial infrastructure.' Public blockchains might serve as the settlement layer jointly used by traditional finance and open DeFi, but the two markets will remain independent tracks with distinct products and business models. https://(wublock123.com)/news/a16z-crypto-traditional-finance-rejects-defi-selective-blockchain-adoption-64595