INNOPAY Institutional DeFi Activity Scan

Institutional DeFi refers to the combination of DeFi protocols and innovations within traditional finance

INNOPAY Institutional DeFi Activity Scan

Overall Activity Score

50% of Financial Institutions (FIs) representing the market in terms of customers, are either exploring or offering Institutional DeFi services

Infrastructure

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Infrastructure

Services:

Interoperability

Cross-border settlement

Web 3 as a service

Custody & Transfer Exchange

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Custody & Transfer Exchange

Services:

Wallets & storage

On- & off-ramping (converting)

Send & receive crypto

Access to DeFi

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Access to DeFi

Services:

Staking

Web3 Applications

Issuing

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Issuing

Services:

Crypto cards

Stablecoins

Tokenised assets/securities

Other

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Other

Services:

Crypto acceptance services for merchants

Transaction analytics - Fraud prevention

Cash Management

Detailing activity: Institutional DeFi services offered in % of total FIs analysed

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Focus segments

18% of all FIs focus on retail clients, 14% on corporate clients, and 29% on institutional clients (there is overlap: some FIs might serve multiple segments)

Disclaimer:
1. Activity refers to all activities (exploration, pilots, offering etc.) of FIs regarding DeFi. We make no difference in terms of quality/size of the activity (information is mostly not publicly available). Furthermore, being active does not guarantee that the FI will ever go over to offering such services to more or all its customers in the future.
2. This model provides a granular analysis regarding Institutional DeFi activity. Many of the offerings are still in the exploratory phase. We analysed website and communication of Top100 global FIs in terms of assets and further substantiated the analysis with other relevant local/regional FIs. Determining exact reach and adoption is challenging, as we cannot specify the exact percentage of customers that can access these services.