DEFI: Financial Market Structures for the Future

Peter T. Golder

Chapter 11 in recøde:Innovation – Transformation – Mindset: Shaping the Future of Global Financial Markets and How to Avoid Membership of the '70% Failure Club', 2026, pp 619-661 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Key Points — DEFI Definition; DEFI — Greenshot for a New Era?; Why, Why Now? — Adopting Adaptability; Ignition Challenges; Financial Nihilism Thesis; Is Software Eating Finance?; DEFI Market Microstructure; Distributed vs Decentralized; DEX, AMM, DAO; Idiosyncrasies: Credit, Wallets, Code is Law; Money Remains Mercenary; Grey Spaces: Privacy, ID, Gas Tanks, Credit — UBI EST?, Interoperability, Clearing/ Settlement; DAST

Keywords: Capital Markets; Financial Markets; Business Model; Ambition; Change; Innovation; Mindset; Transformation; New Games; Artificial Intelligence; Ecosystem; Network; Value Creation; Forecast; Roadmap; Blueprint; Money; Risk; Fiat; DEFI; Crypto; CBDC; Newfi; Tradfi; Generative Innovation; Culture; Structure; Creativity; Portfolio View; Disruption; Surprise; Future; Time Architecture; Digital Financial Market Infrastructure; Market Microstructure; Asset Agnostic Infrastructure; Time to Revenue; Regulation; Starting Point/End Point; Migration; Exploration; Exploitation; Ambidexterity; Ambiguity; Real Options; Cognitive Dissonance; Ethics; Corporate Ambition; Stablecoin; Post Trade; Clearing; Settlement; Atomic; Trading; Behavior; Data; Information; Value; Growth; Strategy; Adaptation; Web3; Blockchain; DLT; Decentralized/Centralized; DEX/CEX; Privacy; Identity; Automated Market Maker; Optionality; Finance; Ethics; Buy/Build/Partner; Political Capital (search for similar items in EconPapers)
JEL-codes: E44 G10 G23 L22 O31 (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789819818914_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789819818914_0011 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789819818914_0011

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().