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.

AccessTimeIconMay 16, 2022 at 10:03 p.m. UTC
Updated May 17, 2022 at 2:14 p.m. UTC

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

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

CoinDesk - Unknown

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