DeFi replicates financial functions such as borrowing and lending with digital assets.
Regulators will take time to put a framework in place.
A Cayman Islands company made unregistered sales of $30m of securities using smart contracts.
Regulators should provide framework for digital assets, rather than rely on enforcement actions.
CFTC Commissioner said futures have to be traded on a licensed and regulated market.
Dispersion Holdings will float on the Aquis Stock Exchange Growth Market.
J.P. Morgan and UBS are amongst the investors in the enterprise blockchain infrastructure provider.
CME's launch of crypto futures has attracted new institutional participants.
Some hedge funds investing in decentralized finance have already achieved 100% returns.