# A Tale of Suits vs Hoodies

Are you a suit or a hoodie?

## Is Finance Broken?

Technology has propelled our world forward – offering efficiencies, convenience and speed. But our financial system lags behind, burdened by outdated processes that are slow, expensive and inefficient.

### It's about time Suits and Hoodies merged their styles, don't you think?

## Fixing Finance

There’s a crucial intersection of TradFi and [DeFi](/content/fixing-finance#/index.html). A world where the suits and the hoodies converge to solve the inefficiencies in traditional finance. The suits bring legal experience, regulatory understanding and well-established processes fine-tuned over centuries. The hoodies embody the trailblazing spirit of innovation, with their cutting-edge technology, onchain savviness, and vision for a better system.

## Perspectives from suits and hoodies

We asked the suits & hoodies to find out how to fix finance. What are the core pillars that need to be improved? And how can tokenization and onchain finance help?

"The onboarding of real-world assets is going to be the most exciting spot in **crypto financing** and DeFi. The way to think about it is not in billions, but trillions."

**Chuck Mounts** S&P Global

"At the end of the day, if we want to have an open, global, accessible economy, **decentralization** is the key enabling factor."

**Jesse Pollak** Base

"We think about how to serve the digitally native investors who are onchain today in a way to help them **manage risk** and lead to **positive long-term outcomes**."

**Anthony Bassili** Coinbase

"Suits need our rebellion to ship good products. **Permissionless** products. It will not be a straight line. We gotta show some flex. Give and take on both sides. Permissioned to get to permissionless."

**Sébastien Derivaux** Steakhouse Financial

"It all comes down to Trust - Safety and Soundness, Consumer Protection, KYC/KYB and the adherence to both federal and state **regulations.**"

**Bill Papp** Arival Bank

"Verify, don’t **trust**. When anyone with an internet connection can verify the value backing their money and have access to financial data 24/7, there is less room for human error and manipulation."

**Jennifer Senhaji** Chronicle Labs

## The Future of Stablecoin Design

Expert Opinions on How Stablecoins, Real-World Assets, and Onchain Capital Markets Will Continue to Evolve.