# Financial services - DeFi - T&M

## DeFi - Decentralised Finance

- mid-2019 state

[Ethereum: The Digital Finance Stack](https://medium.com/@TrustlessState/ethereum-the-digital-finance-stack-4ba988c6c14b)
> > Ethereum is a platform, built to support a financial super-structure. User behavior in this super-structure creates forces that push and pull on the assets that run inside it. Metrics found at each layer of the financial stack will illustrate the economic state of Ethereum.

[The next FinTech: Global “Open Finance” Infrastructure](https://medium.com/macro-narratives-in-blockchain/the-next-fintech-global-open-finance-infrastructure-90ac093a411b)

![DF](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/3522/DeFi.JPG 'DF')

## earlier pre-2019 links

- full range of financial services

https://balance.io/

- Tokenization
example [A16Z and Founders Fund sink $28M into IRL asset blockchain Harbor](https://techcrunch.com/2018/04/17/harbor-securities-tokenization/)
> Harbor  helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid property.

[Cryptocurrencies are money, not equity](https://tokeneconomy.co/cryptocurrencies-are-money-not-equity-30ff8d0491bb)
Developer incentivization and the power of holders

- credit in crypto? too early for 2018 (MT)

[DharmaProtocol](https://dharma.io/whitepaper/#faq) which is closely connected with 0xProtocol

[credit rating - Bloom](https://hellobloom.io/whitepaper.pdf)

# Parents

* Specific  projects in detail
* New financial order - psych
* All about Crypto tech and economics⏎

# Attachments

* [](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/3522/DeFi.JPG)