S&P Global's ratings division has formed a decentralized finance (DeFi) strategy group to help build the firm's decentralized market framework for investors.
- Chuck Mounts will lead the group as chief DeFi officer and work closely with the newly appointed head of DeFi transformation, Charles Jansen, according to a statement Monday.
- The team is expected to expand S&P's analytics and risk assessment capabilities for both traditional financial and DeFi clients.
- S&P's move comes after Moody's, another major ratings player, said last year that it was hiring crypto analysts to get a handle on "the potentially far-reaching impact of decentralized finance on existing ecosystems."