Bitwise is setting its sights on expanding its on-chain vault, aiming to incorporate a wider range of stablecoins and crypto assets. This strategic move reflects the firm's commitment to enhancing its presence in the decentralized finance (DeFi) sector, as The source reports that the demand for diverse assets in DeFi continues to grow.
Bitwise Explores DeFi Strategies
Jonathan Man, the Head of Multi-Strategy Solutions at Bitwise, revealed that the firm is actively exploring various DeFi strategies. These include:
- the tokenization of real-world assets (RWA)
- providing liquidity to decentralized exchanges (DEXs)
which could significantly broaden their service offerings.
Phased Approach to Institutional Comfort
This phased approach is designed to gradually build institutional comfort with DeFi, allowing Bitwise to expand its capabilities while ensuring that clients feel secure in their investments. As the DeFi landscape continues to evolve, Bitwise's initiatives could position the firm as a key player in the market.
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