a16z Reveals What TradFi Really Wants From Blockchain

TradFi institutions are adopting blockchain to improve their existing operations, not because they have embraced decentralization, venture capital firm a16z said in its latest report. The technology helps lower operating costs, speed up settlement, expand distribution, and “tighten its grip” on customer relationships, which makes it a practical business tool rather than an ideological shift. TradFi’…