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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.

Decentralized Finance (putilich/Getty images)
Decentralized Finance (putilich/Getty images)

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.”
Michael Bellusci

Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.

Picture of CoinDesk author Michael Bellusci

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