Onchain Finance: Challenges DeFi for Wall Street

Onchain Finance positions itself as a distinct category from DeFi, designed explicitly for competition by reintroducing selective trust into financial products, according to Jake Chervinsky and Rebecca Rettig in their Fortune Magazine piece. This approach contrasts with pure DeFi models that eliminate intermediaries entirely, aiming instead to deliver superior products for institutional adoption on Wall Street. The September 21 2026 tweet highlights how onchain finance vs defi dynamics and wall street crypto integration could reshape decentralized finance competition over the next year.