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

S&P Global’s 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.”