Crypto Knights: Integration Between DeFi of TradFi Speeds Up

by Marco Lucchin

In this paper we discuss:

• The various forms of integration between De-Fi and TradFi, including: 
• Ripple’s purchase of Hidden Road and implications for the geopolitical strategy;
• Circle Payments Network and Ripple’s acquisition attempt;
• Cantor Fitzgerald, Tether, and SoftBank’s Twenty One Capital venture;
• PayPal and Coinbase partnership for stablecoin payments;
• Visa, Bridge, and Stripe’s stablecoin card initiative; and
• Mastercard, OKX, and Nuvei’s stablecoin payment ecosystem.

Download PDF: Crypto Knights May 2025