Former executives in traditional finance have been in touch with media outlets and have highlighted their desire to not return to re-emerge into the banking world.

One of whom is Lisa Wade, CEO of DigitalX, which has dived into crypto back in December of 2021. At a time, she led the innovation and sustainability segment of the National Australia Bank (NAB) which is regarded as of the Australia’s largest banks.

Wade made it clear to Cointelegraph that the crypto industry provides her with more freedom with regards to taking innovative risk when compared to the traditional banking sector:

“It is becoming very obvious Web3 financial rails are the future — it is hard to innovate internally so those of us with a fire in our bellies are jumping ship.”

Wade also believes that cryptocurrencies will enjoy widespread adoption throughout the upcoming years, reiterating that crypto will be the “mainstream” in 10 years or less. CEO of carbon trading platform BetaCarbon, Guy Dickinson, has moved into the Web3 space as it provided more market accessibility.

Once the former treasurer of HSBC Australia, Dickinson submerged into Web3 “as the carbon credit and environmental markets space was not easily accessible and Web3 provided access to the market.”

Sources:

https://cointelegraph.com/news/former-tradfi-execs-crypto-explain-why-they-left-banking

https://cointelegraph.com/innovation-circle/going-parabolic

https://twitter.com/mxlcolm/status/1489285409465061377