Global banks are bringing traditional and decentralized finance together as they race to devise the plumbing of a new financial system. The world of finance is de-bifurcating. On one side stands the bedrock of TradFi (traditional finance): established security and compliance. On the other, the velocity of DeFi (decentralized finance): 24/7 efficiency and programmable money. The question is when these two worlds will merge, not if. Banks are racing to bring them together, driven by a powerful