TradFi
TradFi is an abbreviation for traditional finance. It refers to the established financial systems and institutions that have been in place for decades, if not centuries. This includes entities like banks, insurance companies, stock exchanges, and brokerage firms. TradFi operates within a regulated framework, adhering to established laws, rules, and compliance procedures. Its core functions involve managing money, facilitating investments, providing loans, and ensuring the stability of financial markets. Transactions within TradFi are typically settled through intermediaries and often involve established payment networks. The infrastructure supporting TradFi is generally well-developed and has a long history of operation.
In contrast to emerging financial technologies, TradFi is characterized by its reliance on physical branches, paper-based