Centrifuge COO Jürgen Blumberg: “DeFi Is Having Its ETF Moment”

Key Points

1. Blumberg sees parallels between the early skepticism around ETFs and the current DeFi sector, noting that DeFi is a new technology addressing limitations of traditional finance.

2. He clarifies misconceptions about DeFi, explaining that its concepts (e.g., TVL, liquidity pools) are similar to TradFi but with different terminology.

3. Blumberg emphasizes that not all tokenized assets are equal, drawing a comparison to the ETF industry where structure, risk, and quality vary.

4. He highlights global regulatory progress, citing developments in the U.S., Europe (MiCA), and Asia (Hong Kong, Singapore), and notes Centrifuge's growth toward $1 billion in TVL.

5. Centrifuge is partnering with institutions like S&P and is positioned for further expansion, with Blumberg believing the next decade's financial innovation will come from startups, not incumbents.