How Indian Fintech startups are pioneering fusion of conventional and decentralized finance

By Mr. Rohit Arora, Co-Founder and CEO, Biz2X and Biz2Credit

Drivers of Convergence: Let us welcome the era of Hybrid Finance 

While the world gears up to decentralized finance, India has a potential tool in Hybrid Finance. And its scope is not just limited to conventional finance that we witness every day, but across digital payments, lending, Insurtech, regtech, and even blockchain.

Traditional-finance has already witnessed transactional-volume and reliability besides emergence of various financial products and innovation from systems such as Aadhaar, UPI, Digi Locker, and account aggregators – offering authenticated, real-time data exchange.

Decentralized finance is an altogether different ball-game and a huge advantage. And, India has the necessary ingredients – systems, protocols, startups who drive innovation, and entities that follow processes to the T.

SMART-STARTUPS BRIDGING BIG OPPORTUNITY

Unlike traditional banking, decentralized finance (DeFi) is a gold-mine worth nearly a trillion dollars in valuation by 2032. According ...