Andrew Peel, the crypto chief at Morgan Stanley, has announced his exit from the firm to establish a decentralized finance (DeFi) fund in Switzerland. Peel's departure marks a significant shift as he intends to leverage his expertise in the crypto space to create a venture focused on DeFi, an area that has seen rapid growth and interest from investors and financial institutions. The move highlights the ongoing trend of financial professionals transitioning into the cryptocurrency and blockchain sectors, particularly in the realm of decentralized finance, which offers alternatives to traditional financial systems. Peel's fund aims to attract capital from both institutional and retail investors, signaling confidence in the future of DeFi amidst regulatory challenges and market volatility.

Source 🔗