Web3 in Financial Services: How Blockchain, Digital Assets and Crypto are Disrupting Traditional Finance

Cover
Contents
About the author
PART ONE Early days: Web3 and financial services
	01 Introduction
		Disruptive innovation
		Web3 innovation: from scepticism to embrace
		My story
		Why now?
		Insights from experts
		Book structure
		Endnotes
	02 What is Web3 and why does it matter to financial services?
		More than crypto
		Demystifying Web3
		Digital transformation in financial services
		Web3 impact on financial services
		Financial services players in Web3
		Web3 criticisms
		Future outlook
		Summary of key points
		Endnotes
PART TWO Emergent use cases driving change in traditional financial services
	03 Custody
		Custody
		Digital asset custody
		Digital asset custody in action
		Opportunity for traditional custodians
		Challenges of digital asset custody
		Risk management, controls and segregation of duties
		Future outlook
		Summary of key points
		Endnotes
	04 Evolution of money and payments
		Evolution of money
		Web3 digital currencies
		What’s wrong with TradFi payments?
		Web3 alternative payment rails
		Web3 payments in action
		Emerging markets
		Future outlook
		Summary of key points
		Endnotes
	05 Tokenization
		What is tokenization?
		Why tokenize assets?
		Tokenization in action
		What’s holding it back?
		Exponential opportunities
		A note on cash tokenization
		Future outlook
		Summary of key points
		Endnotes
	06 Lending and borrowing
		Revolutionizing traditional lending and borrowing
		Decentralized lending and borrowing
		Centralized lending and borrowing
		Lending and borrowing in action
		Incumbents and decentralized lending protocols
		Challenges and vulnerabilities
		Future outlook
		Summary of key points
		Endnotes
	07 Digital identity
		Legal identity
		Digital identity
		Identity in financial services
		Decentralized identity
		Decentralized identity in action
		Financial inclusion enabler
		Future outlook
		Summary of key points
		Endnotes
PART THREE The major players in Web3: opportunities, challenges and implications
	08 Traditional institutions and the adoption of Web3
		Incumbents leading the way
		Public vs private blockchains: which will prevail?
		How to respond and extract value
		Future outlook: end state
		Summary of key points
		Endnotes
	09 How DeFi is reimagining finance
		Reimagining finance
		Evolution of the DeFi ecosystem
		Centralized finance (CeFi)
		Decentralized finance (DeFi)
		Future of DeFi
		DeFi, CeFi and TradFi: interconnected systems
		Future outlook
		Summary of key points
		Endnotes
	10 Investments in Web3
		How traditional players are betting on Web3
		How tokens could change investment
		Investing in decentralized projects
		Investing in Web3 vs Web2
		Market maturity
		Future outlook
		Summary of key points
		Endnotes
	11 The regulatory perspective of Web3
		Calls for regulation
		Why do we need regulation?
		Challenges in regulating Web3
		Existing frameworks
		Future outlook
		Summary of key points
		Endnotes
PART FOUR Moving forward
	12 Industry changes needed for mainstream adoption of Web3
		Regulation
		User experience
		Technology and infrastructure
		Will Web3 ever have a ‘ChatGPT’ moment?
		Future outlook
		Summary of key points
		Endnotes
	13 Web3 and the future of finance
		The bigger picture
		Will we need banks?
		Past, present and future
		Perception of new technologies
		To progress, we need to solve the PR problem
		The quest for Web3 and the future of finance
		Future outlook
		Embracing the future
		Summary of key points
		Endnotes
Acknowledgments
Index