Why Finance’s Walled Gardens Are Finally Coming Down

WeFi’s Maksym Sakharov maps a series of developments that, taken together, signal the end of finance’s walled-garden model: Apollo Global acquiring a stake in lending protocol Morpho, BlackRock making its $2.5 billion BUIDL fund available as on-chain collateral and a CGI survey revealing that nearly 80 percent of companies are already diversifying their banking relationships to manage counterparty risk.