As Wall Street moves on-chain, DeFi faces a $330 billion trust test it can’t dodge

Wall Street spent the first quarter of 2026 systematically narrowing DeFi's claim to the future of finance. In January, ICE announced NYSE was building a tokenized securities platform with 24/7 operations, instant settlement, dollar-based order sizing, and stablecoin funding, with BNY and Citi providing tokenized deposits for clearinghouse funding outside normal banking hours. In February, [ ]