Bitcoin lenders at Consensus Miami 2026 said crypto lending must look and feel more like traditional banking if it wants institutional capital to keep flowing in.
Summary
- Two Prime CEO Alexander Blume said institutional borrowers reject DeFi complexity and demand standardized contracts, transparent custody, and clear legal accountability.
- Ledn CEO Adam Reeds said the most important question for borrowers is where their bitcoin is stored, while Lygos CEO Jay Patel said borrowers must now underwrite the lender.
- The panel reflected a broader post-2022 shift following the collapse of Celsius, Voyager, and BlockFi, which exposed the risks of opaque rehypothecation and weak risk…
