S&P Global Ratings announces DeFi strategy group

S&P Global Ratings recognises decentralised finance ‘is transforming the capital markets’

S&P Global logo seen displayed on a smartphone in front of a computer screen                                 
S&P Global Ratings has appointed Charles ‘Chuck’ Mounts as its chief DeFi officer – Photo: Alamy

Standard & Poor (S&P) Global Ratings, the US credit rating agency and a provider of independent credit risk research, has announced the formation of a new decentralised finance (DeFi) strategy group to advance its approach to decentralised markets.

The move comes as S&P Global Ratings said DeFi “is increasingly transforming the capital markets, including an expansion in the spectrum of market participants, the creation of new asset classes, and the development of new capabilities in the execution of financial transactions”.

Charles ‘Chuck’ Mounts has been made chief DeFi officer at S&P Global Ratings and will lead this new effort. Charles Jansen has also been named as head of DeFi transformation.

Mounts is responsible for “driving the development of the S&P Global Ratings DeFi resources with the acceleration and institutionalisation of crypto and digital assets” while Jansen will help guide the development of new products and services.

Advancing S&P Global Ratings’ markets approach

The team’s main responsibility will be to help advance S&P Global Ratings’ approach and capabilities in the fast-moving decentralised market environment.

The DeFi group will build on the research “generated by the Digitalisation of Marketing Research lab, which focuses on bringing S&P Global analytic and risk assessments” to support both traditional institutional (TradFi) clients and crypto-native DeFi clients.    

‘DeFi has potential to redefine financial markets’

Elizabeth Mann, CFO at S&P Global Ratings, said: “Decentralised finance has the potential to redefine the financial markets in ways that have not been seen since the early days of fintech and e-commerce.

“Innovation is driving these changes and as with any emerging sector, there are both significant opportunities and risks. As a provider of fundamental credit analysis and insights, we're looking to this group's wealth of knowledge about traditional capital and crypto-native markets to share our understandings of each with current and future clients.”

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