March 2026 - Reports
A Guide to the Blockchain

How blockchain and DeFi are reshaping the future of financial markets

 

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Blockchain and digital assets are moving rapidly from the fringes into the core of global financial infrastructure.

 

In this Financials Crypto Note, our analysts explore why decentralised finance (DeFi) and blockchain technology could represent a step‑change for traditional financial markets – on a scale comparable to the early internet.

 

Written by Andrew Watson and Charles Murphy, the note cuts through the noise to explain:

  • What blockchain really is - and why it matters for financial services
  • How DeFi could reshape payments, settlement, lending and asset issuance
  • Why Ethereum is emerging as the dominant institutional-grade network
  • The long‑term implications of tokenisation, smart contracts and on‑chain settlement
  • Where risks remain - and how investors may think about selective exposure

Written in plain language and grounded in real-world financial market examples, this insight is designed for investors and decision‑makers looking to understand the structural implications of crypto – not the hype.

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