S&P Global Hires DeFi Team Director

1 year ago 54

Team building DeFi and Web3 businesses

U.S. financial services giant S&P Global is hiring a director for DeFi (decentralized finance).

The job posting describes the work of the company’s DeFi team:

The DeFi team will be responsible for building a comprehensive business and strategic approach to DeFi, blockchain, Web3 and the Metaverse across S&P Global.

We will work extensively with stakeholders inside and outside the company to develop product strategies and customer strategies created from new functions by DeFi.

In addition, the DeFi team has identified potential risks in related areas, how to overcome them, and has made new investments and partnerships with S&P Global in the “dynamic and fast-growing DeFi ecosystem”. It will also play a role in searching for new opportunities.

In addition, the job description of the director of the DeFi team recruited this time includes the following items. This suggests that the company has in mind the provision of new products and services related to crypto assets (virtual currencies) and DeFi.

  • Leadership position in charge of the cryptocurrency financial market and the DeFi sector
  • Maintaining relationships with business leaders and customers to facilitate their use of S&P Global’s products, platforms and services
  • Propose new product ideas based on needs
  • DeFi strategy prioritization and implementation
  • Mentor new hires for the entire DeFi team

S&P Dow Jones Indices, which belongs to S&P Global, is also providing indices related to cryptocurrencies. In addition to the S&P Bitcoin (BTC) Indices, S&P Ethereum (ETH) Indices, and the S&P Cryptocurrency Large Cap Indices, we are in the process of publishing various ones.

What is DeFi (decentralized finance)?

Refers to financial services or systems that utilize blockchain and are performed in the absence of a central administrator. Abbreviation for “Decentralized Finance.” DeFi financial services include stablecoin issuance, currency lending, and cryptocurrency exchanges. Many platforms use the Ethereum blockchain.

▶Cryptocurrency Glossary

Entry example of a major stock exchange

The entry of traditional financial institutions into the cryptocurrency sector continues.

For example, NASDAQ, a major US stock exchange, plans to launch a virtual currency custody service for institutional investors by the end of the second quarter (April to June) of this year.

Initially, it will start with custody services for Bitcoin (BTC) and Ethereum (ETH), and in the future, it plans to conduct transaction execution services for financial institutions. Nasdaq is already offering marketplace technology for crypto-related indices and digital asset exchanges.

connection: US Nasdaq to launch virtual currency custody service soon

In addition, the digital arm of Germany’s Stuttgart Stock Exchange, the sixth largest exchange group in Europe, has also obtained a custody business license from the country’s financial regulator. It announced that it will provide institutional clients with a suite of cryptocurrency brokerage, trading, and custody services.

connection: Stuttgart Stock Exchange, Germany obtains approval for virtual currency custody

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