Onboarding Friction for Institutional DeFi Liquidity

Been spending a good chunk of the last quarter trying to get a new liquidity provider integrated for our structured products in DeFi. The promise of the space, especially regarding capital efficiency and composability, remains strong, but the practicalities of moving significant capital are still a bottleneck. Specifically, the KYB process, even for established entities with clean books, feels like navigating a minefield. Each provider has a slightly different interpretation of AML/KYC requirements, leading to redundant documentation requests and significant back-and-forth.

Then there's the API integration. While the underlying protocols are solid, the bridge from traditional fiat rails or even centralized crypto exchanges into the DeFi ecosystem, particularly for larger block trades, often involves multiple hops and varying fee structures that aren't always transparent upfront. It's not just about the spreads on the on-chain side, but the all-in cost of getting funds in and out of the ecosystem reliably. Has anyone found a sweet spot with a particular institutional on-ramp solution that truly streamlines this for serious volume, not just retail? Looking for genuine efficiency, not just another provider with slick marketing.