DeFi in Macau

Decentralised Finance

Macau is an awesome place to host a conference. Often dubbed the Las Vegas of China, this tiny strip of land is a buzzing ecosystem resplendent with golden hotels, temples and resorts. Returned to China since 1999, its Portuguese inheritance is very strong with Portuguese blue-framed houses sitting cheek and jowl beside Chinese temples. The people are friendly and the temperatures warm when we arrive for the 6th Finwise conference in the region — this time theme is DeFi or decentralised finance.

The summit was co-hosted by Mike Costache (Co-Chairman & CEO of FinWise Global and Managing Partner of TaaS Capital), Eric Gu (Co-founder & CEO of DualChain Network Architecture and founder & CEO of Metaverse Foundation, the first Chinese ICO back in Aug 2016) and Hao Zeng, Co-founder & CEO of Ant Node Alliance, a leading blockchain marketing company in China.

Flying into Hong Kong is also without trouble — no protestors air side. Returning home is the same as the ferry between Hong Kong and Macau is all air side: handy to know in these interesting times.

DeFi is a growing meme in the blockchain world. The term emerged some eight months ago but it is still very nascent in this industry. A nascent meme in a nascent industry.

DeFi has a number primary features. It is permissionless and anyone can access it…