Decentralised Finance (DeFi) - 100 times and beyond

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments.

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What if we told you that there is a financial segment that has not just doubled or tripled but grown over 100 times in two years? Enter the world of Decentralised Finance (DeFi), which uses computer algorithms to provide financial services that mimic what the financial industry today is offering. This ranges from lending, borrowing, insurance to derivatives. Who would have thought that computer programs could become the best asset gatherers in the finance industry? Here are some amazing numbers: The funds that have flooded into DeFi have grown from USD 653m at the start of 2020 to USD 245bn at the end of 2021. That’s a 375-fold increase in 2 years. Are banks going to be taken over by computers? Is this a scam on a global scale? Aren’t banks fighting back?

To find out more, listen to our latest episode of Beyond Markets: “Decentralised Finance - 100 times and beyond”, with Kelly Chia, Deputy Head Research Asia at Julius Baer and Andy Meehan, Chief Compliance Officer APAC at Gemini.