Wall Street Quietly Embraces DeFi with a “Mullet” Strategy, Says Alchemy CTO

Banks and fintech giants are going DeFi—but you might not even notice.

According to blockchain infrastructure firm Alchemy, traditional financial players like Fidelity, JPMorgan, and Robinhood are adopting what CTO Guillaume Poncin calls a “DeFi mullet”: TradFi on the front end, DeFi powering everything behind the scenes.

As tokenization gains ground, users could soon access loans or yield strategies against money-market funds and other assets—without even knowing DeFi is involved.

Platforms like Coinbase already offer this model, and others are following fast. Alchemy’s developer tools are helping fintechs embed invisible crypto wallets and smart contract functionality to deliver compliant, seamless DeFi access.

The line between traditional finance and decentralized finance is disappearing—and that could be exactly what brings DeFi mainstream.

#CryptoNews #DeFi #Tokenization #BigBanks #WallStreet

Read the full story: www.ecoinimist.com/2025/06/23/alchemy-tradfi-defi-mullet