Companies like Fidelity, JPMorgan, Goldman Sachs, Revolut, and Robinhood are eager to integrate decentralized finance (DeFi) into their operations, as highlighted by Alchemy’s CTO, Guillaume Poncin. The concept of the ‘DeFi mullet’ is gaining traction, allowing compliance at the front and easy access to DeFi tools at the back.

For instance, Coinbase users can secure loans by locking up their bitcoin, a model traditional retail investors rarely access.

In light of favorable crypto regulations from the Trump administration, many financial entities are now moving towards on-chain fund management. The objective is to provide users with an accessible bridge to DeFi, ensuring compliance while simplifying user engagement with blockchain tech.

Poncin elaborated, “I see firms like Fidelity and JPMorgan, all at different stages, wanting to grant their users the ability to leverage their fiat funds within DeFi systems seamlessly.”

The ‘DeFi mullet’ captures the essence of integrating complex finance tools without the user needing to understand the underlying mechanisms. This structure is likened to how Alchemy operates as a service provider for blockchain developers, referenced as the ‘AWS of crypto’. Alchemy aims to facilitate this transition while making the technology feel invisible and seamless to the end user.