How Tokenization Is Disrupting Legacy Finance (...And What Comes Next) - Bitwise CIO Matt Hougan

There is a massive change happening in the world of finance, led by tokenization.

Tokenized ETFs, vaults, and new products are moving at lightspeed.

Bitwise's Matt Hougan breaks down why institutional DeFi isn't coming, but is already here. He explains why vaults will do to ETFs what ETFs did to mutual funds, and what "neo finance" actually means for your portfolio.

We cover:

- Why Tokenizing All ETFs is Inevitable
- Apollo + Morpho: What Institutions Actually Want From DeFi
- How Vaults Will Drastically Change ETFs As We Know Them
- The Ghost of Gary Gensler Still Haunting Token Value Accrual
- Fat Wallet Thesis: Who Really Owns the Customer
- What "Neo Finance" Actually Means

The Rollup