S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework

The credit rating giant named Chuck Mounts as chief DeFi officer to lead the unit.

By Michael Bellusci

May 16, 2022 at 10:03 p.m. UTC

Updated May 17, 2022 at 2:14 p.m. UTC

DeFi -Decentralized Finance on dark blue abstract polygonal background. Concept of blockchain, decentralized financial system — Decentralized Finance (putilich/Getty images)

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

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S&P Global’s (SPGI) ratings division has created a decentralized finance (DeFi) strategy group to help build the company’s decentralized market framework for investors.

Chuck Mounts will lead the group as chief DeFi officer, and will work closely with the newly appointed head of DeFi transformation, Charles Jansen, according to a statement Monday.
The team seeks to build out S&P’s analytics and risk assessment capabilities for both traditional finance and DeFi clients
S&P’s move comes after fellow major credit rating player Moody’s said last year it was looking to hire crypto analysts to come to grips with “the potential wide-reaching impact of decentralized finance on existing ecosystems.”

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