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The convergence is already underway. Institutional giants like BlackRock are experimenting with tokenized funds on public blockchains, while regulators across Asia and Europe are building policy frameworks for the integration of DeFi rails into mainstream financial infrastructure. In East Asia alone, two-thirds of on-chain activity is being driven by non-retail players, a sign that utility, regulatory clarity, and risk standards are fundamental prerequisites for DeFi’s next chapter. These telling shifts reveal that the future will not be built on the ruins of one system but at the intersection of both.