Blockchain Insider Podcast by 11:FS · 11:FS

Bonus. How web3 is shaping the future of finance - report deep dive

·25 min·2 clips

Guera and Mauricio Magaldi dive into how Web3 is reshaping finance with their new report.

This bonus episode from the FinTech Insider podcast explores the findings of 11:FS's new report titled "How Web3 is Shaping the Future of Finance." Host Guera is joined by the report's lead author, Mauricio Magaldi, the Global Strategy Director for Crypto at 11:FS. Magaldi explains his role involves leading a consultancy practice that bridges traditional finance and the crypto world. The episode aims to demystify the term "Web3" and its specific implications for financial services. Magaldi clarifies that Web3 represents a shift from centralized platforms to decentralized protocols built on blockchains. He discusses the foundational role of public blockchains like Ethereum in enabling this new internet era. The conversation covers how decentralized finance (DeFi) applications are recreating traditional financial services like lending and trading. A key topic is the concept of tokenization, where real-world assets are represented digitally on a blockchain. The report and discussion assess both the significant opportunities and the inherent risks in this emerging space. Magaldi's consultancy work focuses on guiding established financial institutions into the crypto ecosystem. One insight is that Web3 is not merely about cryptocurrencies but a broader architectural change for the internet. Magaldi emphasizes that decentralization reduces reliance on single corporate intermediaries for digital trust. The episode suggests tokenization could unlock liquidity for previously illiquid assets like real estate or art. A surprising claim is that Web3 could redefine digital ownership and creator economies through technologies like NFTs. The discussion notes the current technological limitations, such as scalability and user experience challenges. Magaldi argues that understanding Web3 is crucial for financial services firms to avoid disruption. The tone is educational and explanatory, designed to unpack a complex topic for a professional audience. The style is a conversational interview between two knowledgeable colleagues within the same firm. This episode is ideal for finance or fintech professionals seeking a structured overview of Web3's potential impact. Listeners looking for deep technical details or critiques of cryptocurrency may find the discussion too introductory.

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