“DeFi is more disruptive to banks than Bitcoin, and DeFi is an indispensable part of ING’s vision for digital assets,” said Herve Francois , head of blockchain at ING on May 6. Previously, ING Bank released a paper titled “Lessons Learned from Decentralized Finance”, in which ING pointed out: Centralized and decentralized financial services cooperation can achieve the best of both worlds. The use of smart contracts in DeFi greatly reduces counterparty risk. Financial institutions can help DeF...