BIS paper 2023: The Technology of Decentralized Finance (DeFi)

The Bank for International Settlements (BIS) has published a new paper on „The Technology of Decentralized Finance (DeFi)“. By the way: The BIS opened for business in 1930 in Basel, Switzerland.


“Decentralized Finance (DeFi) is a new financial paradigm that leverages distributed ledger technologies to offer services such as lending, investing, or exchanging cryptoassets without relying on a traditional centralized intermediary. A range of DeFi protocols implements these services as a suite of smart contracts, ie software programs that encode the logic of conventional financial operations.”

R. Auer, B. Haslhofer, S. Kitzler, P. Saggese, und F. Victor, „The Technology of Decentralized Finance (DeFi)“, Jan. 2023,  Verfügbar unter: