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The article critiques traditional finance (TradFi) institutions as they attempt to adopt blockchain technology. It argues that their embrace of crypto is driven by a desire to maintain control and profit, rather than genuine innovation, ultimately threatening the success of decentralized finance.
Omid Malekan critiques traditional finance firms that are adopting blockchain technology while neglecting the risks to their existing business models. He warns that as these companies move towards tokenization, they may attempt to undermine the core values of decentralized crypto systems.