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Why are banks adopting Alchemy’s ‘DeFi mullet’ concept?

by | June 23, 2025 - 16:01

Financial institutions are embracing Alchemy’s ‘DeFi mullet’ model: compliant front-ends with decentralized back-ends. This hybrid approach lets banks offer DeFi services while meeting regulatory requirements – traditional KYC/AML interfaces connected to permissionless protocols.

The strategy resolves banks’ dilemma of missing DeFi yield opportunities versus regulatory non-compliance. Examples include tokenized real-world assets (RWAs) on blockchain back-ends with fiat on/ramps and identity-verified wallets. Major banks are piloting this for institutional clients first, with retail rollouts planned.

Alchemy reports surging demand from traditional finance firms seeking to integrate DeFi lending, automated market makers, and staking. The ‘mullet’ architecture positions banks as curated gateways rather than full DeFi participants, balancing innovation with compliance.

This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.

Feel free to "borrow" this article — just don’t forget to link back to the original.

Dean J. Driessen

Dean J. Driessen

Editor-in-Chief / Coin Push Dean is a crypto enthusiast based in Amsterdam, where he follows every twist and turn in the world of cryptocurrencies and Web3.

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