RIO DE JANEIRO, BRAZIL - Investment house Vitreo started to count this Thursday (8) with a DeFi (decentralized finance) fund, announced as the first in Brazil. In its most simple form, decentralized finance is a concept where financial products are available on a public decentralized blockchain network making them open to anyone to use rather than going through a middleman like banks or brokerage.
Unlike a bank or brokerage account, a government-issued ID, social security number, or proof of address are not necessary to use DeFi. More specifically, DeFi refers to a system where software written on blockchains makes it . . .