I recently spoke to Angie Lau of Forkast News to discuss the burgeoning DeFi ecosystem in China and what the future may have in store. Feel free to leave feedback.
With total value in DeFi now exceeding $10 billion — much of the surge from Chinese capital — China is looking for ways to enter the industry on its own terms.
“China wants this activity to be centralized,” says FinxfloCEO James Gillingham “So that’s where we anticipate the market moving within the next 3 to 6 months.
Gillingham expects China to build its own DeFi network, but likely in the form of CeFi, or centralized finance. How would that work?