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Blockchain and DeFi technology in TradFi: expected impacts, implementation challenges and policy aspects

Day 1 Afternoon

Wednesday 21 February

Room :



Giuseppe Siani
Director General for Financial Supervision and Regulation - Banca d'Italia
Public Authorities
François Haas
Deputy Director General, Financial Stability & Deputy Secretary General - Autorité de Contrôle Prudentiel et de Résolution (ACPR)
Carl Magnus Magnusson
Policy Analyst, Financial Economics - Organisation for Economic Co-operation and Development (OECD)
Suyash Paliwal
Director, Office of International Affairs  - CFTC
Industry Representatives
Robert Grant
Vice-President, Global Head of Policy - Ripple
Daniel Kapffer
Chief Financial Officer & Chief Operating Officer - DekaBank Deutsche Girozentrale
Mary-Catherine Lader
Chief Operating Officer - Uniswap Labs
Stephen Prosperi
Executive Director, Innovation Strategy and Digital Assets - The Depository Trust & Clearing Corporation (DTCC)


The first objective of this session is to take stock of the uptake of blockchain, tokenisation and DeFi technology in traditional finance (TradFi) and of on-going experiments in this area and discuss the expected impacts of the use of these technologies in TradFi and the related opportunities and operational challenges to overcome.

Secondly, the panel will assess the potential risks posed by the use of these technologies for providing traditional financial activities and whether the existing financial and digital policy frameworks and supervisory approaches are well suited to support these developments.

Points of discussion

  1. Current state of play and main use cases of blockchain and DeFi technology in traditional finance: How are blockchain, tokenisation and DeFi technologies (e.g. smart contracts, decentralised features…) being used in different sectors of finance? How mature are these applications? What additional opportunities do these technologies provide? Are significant impacts expected from blockchain and DeFi technologies on TradFi value chains and business models? What are the operational challenges to be overcome for an effective implementation of these technologies?
  2. Potential risks and policy implications: Does the use of these technologies create new risks? Do existing financial regulations need updating or completing to support an increasing use of blockchain and DeFi technologies in TradFi? Are EU digital policies fit-for-purpose for supporting the use of these technologies in finance? How do they compare with the approaches of other jurisdictions? Are there specific implications from these technologies in terms of supervision?