TradFi could move onchain due to ‘horrible banking experiences’

Aave Labs founder Stani Kulechov says traditional finance has largely moved on from banks into fintech, and blockchain could be the sector’s next move.

Crypto has a chance to court traditional finance players, who are already looking at non-traditional financial technology after being let down by banks, says Aave Labs founder Stani Kulechov.

“Thanks to horrible banking experiences, we’ve seen a lot of finance coming into fintech, and fintech applications [have been] able to capture a lot of market share,” Kulechov said onstage at EthCC 2025.

He added that Aave Labs, which develops the decentralized lending and liquidity platform Aave Protocol, and other decentralized finance projects have been “working on how to actually get all this utility into more decentralized mediums.”

Read more