DeutschNew Finance, rarely also NewFi, refers to all institutions that are attributed to the new financial world that Bitcoin founded in 2009. This includes, above all, cryptocurrencies based on blockchains and decentralized applications, but also companies active in this area in a broader sense. The term DeFi is often used as a synonym for New Finance. The opposite word is TradFi.
New Finance is characterized by increased personal responsibility of the user. The avoidance of central bodies and censorship resistance also play an important role. The goal of these principles is a growing degree of individual freedom.
