According to Deep Tide TechFlow news on August 7, CoinDesk reported that JPMorgan's latest research report indicates that the development of decentralized finance (DeFi) and asset tokenization has not yet reached expected levels. The report shows that the total value locked (TVL) in the DeFi ecosystem remains below its 2021 peak, with main activities still concentrated among cryptocurrency-native users and retail investors.
Research director Nikolaos Panigirtzoglou stated that despite the development of compliant infrastructure such as permissioned lending pools and KYC-supporting vaults, the adoption rate among institutions remains low. Major obstacles include regulatory fragmentation, unclear legal status of on-chain assets, and issues related to smart contract security.
In terms of asset tokenization, although there are already about $25 billion in tokenized assets and $8 billion in tokenized bonds, most projects are still at a small scale or experimental stage. The report points out that traditional financial institutions have insufficient motivation to adopt blockchain technology, as existing fintech has significantly improved the efficiency of the traditional financial system.
