S&P Global brings risk assessments to growing crypto lending vault sector

S&P Global brings risk assessments to growing crypto lending vault sector

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

S&P Global Ratings has launched a risk assessment framework for digital asset lending vaults as the onchain investment products gain traction.

According to Monday’s announcement, the framework evaluates vaults across six areas: portfolio credit quality risk, liquidity mismatch risk, curator risk, blockchain risk, protocol risk, and vault security and governance risk.

S&P said the assessments will evaluate the risk of losses to investors in lending vaults, but will not constitute credit ratings or evaluate yields.

As well, the framework was not designed to single out any one category of the six that poses a greater risk than the others, according to S&P Global Ratings analyst Lisa Schroeer.

According to S&P, deposits in digital asset lending vaults reached about $10 billion in September, up from $1.5 billion two years earlier.

S&P said it plans to publish its first Vault Risk Assessments in future announcements, though it did not identify which vaults will be assessed first.

Explaining the framework’s potential role for investors, Schroeer said: “The assessment aims to provide more transparency on the risks so that any entity can make more informed decisions when deciding how to allocate capital to DeFi vaults.” Related: Kraken adds S&P 500 to funded trading program, commodities to follow Crypto vaults have expanded over the past year as exchanges, wallets and DeFi platforms have rolled out products that package lending and other yield-generating strategies for users.

For the time being, crypto vaults remain in a regulatory gray area in the United States.

In July, SEC Commissioner Hester Peirce said some vaults and onchain lending products could fall under federal securities laws depending on how they are structured and operated.

Peirce said vaults involving discretionary decisions over asset allocation, yield strategies, lending terms or liquidation thresholds could trigger securities, investment company or investment adviser requirements.

Analiz: Piyasa hareketliliği devam ediyor.