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Defying Conventions: A Closer Look at DeFi with Lex Sokolin (Ep. 8)

By Mark Bevington

DeFi (Decentralized Finance) has gained much popularity over the past couple of years in FinTech discussions relating to cryptocurrency.

Recent statistics suggest that over 70% of advisors suspect their clients are dabbling in crypto without engaging them in the process. In the wealth management world, is there possibly a disconnect between advisors and what their clients want? Where does DeFi fit into the crypto realm?

In this episode we have Lex Sokolin, the Global Fintech Co-Head at ConsenSys dissect the term “DeFi” and explain its impact on Cryptoeconomics. He gives us a closer look at the benefits, opportunities, and concerns within the crypto space.

Lex discusses:

  • What is DeFi?
  • Blockchain and its impact on the financial services industry
  • What is the web3 economy?
  • The factors that led to a recent crisis in the crypto market
  • And More!


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*This podcast was recorded in July 2022.

About Lex Sokolin: 

Lex is a futurist and entrepreneur working on the next generation of financial services. He is the Global Fintech Co-Head at ConsenSys, a blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world. Lex focuses on emerging digital assets, public and private enterprise blockchain solutions, and decentralized finance and autonomous organizations.

Previously, Lex was the Global Director of Fintech Strategy at Autonomous Research (acquired by AllianceBernstein), an equity research firm serving institutional investors, where he covered artificial intelligence, blockchain, neobanks, digital lenders, roboadvisors, payments, insurtech, and mixed reality. Before Autonomous, Lex was COO at AdvisorEngine, a digital wealth management technology platform, and CEO of NestEgg Wealth, a roboadvisor that partnered with financial advisors. Before NestEgg, Lex held roles in investment management and banking at Barclays, Lehman Brothers and Deutsche Bank. He earned a JD/MBA from Columbia University and a B.A. in Economics and Law from Amherst College.

Lex is a contributor of thought leadership to the Wall Street Journal, the Economist, Bloomberg, FT, Reuters, American Banker, ThinkAdvisor, and Investment News, among others. He is a regular speaker at industry conferences such as Money2020, LendIt, Schwab Impact, In|Vest, T3 Enterprise Edition, and Consensus. His writing is publicly available at

Publishing Tags: In The Money, Podcast, Flyer Financial Technologies, ConsenSys, DeFi, Blockchain, Technology, Cryptocurrency, Financial Service Industry, Value Chain, Web3