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Joined January 2016
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Chuck Mounts retweeted
Smart contract risk, oracle risk, curator liability. Each layer of vault risk is starting to get its own framework. The puzzle is how they fit together.
Paul Frambot (@PaulFrambot), Alex Krasnow (@AlexKrasnow), Lisa Schroeer, Jonathan Man (@0x_JMan), and Chuck Mounts (@chuck_mounts) on pricing risk in vaults:
Excited for S&P to be co-hosting the NYC Vault Summit next week and hope that you can join us for an exciting and informative day!
The benchmarks, data, and analytics underpinning institutional decision-making across global capital and commodities markets.
@chuck_mounts, Chief DeFi Officer at @spglobal, will take the stage at Vault Summit NYC.
June 5, New York · nyc.vaultsummit.xyz
Chuck Mounts retweeted
Credit ratings compress complexity into clarity. In TradFi, they turn products into usable inputs. Unlocking liquidity, reducing search costs, and enabling scale.
For the first time, a stablecoin system has crossed that threshold. That stablecoin is @SkyEcosystem USDS
Chuck Mounts retweeted
How to rebuild ETFs onchain?
Start with the S&P 500.
Announced live at the @rwasummit.
Exciting day to bring tradfi to crypto!
Breaking! The S&P 500 is going onchain.
Centrifuge partners with @SPDJIndices to launch Proof-of-Index Infrastructure.
✓ Based on S&P DJI’s official daily index files
✓ Enables programmable, compliant index-tracking funds
✓ Built for seamless integration with DeFi and institutional capital markets
The first tokenized S&P 500 Index Fund:
The Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio
Powered by Proof-of-Index. Built on Centrifuge. Created by @anemoycapital and @JHIAdvisors
Great conversation on the stablecoin landscape and market environment.
No stablecoin has scored a perfect 1 on S&P Global's risk framework.
Most are sitting at 2-5, with 5 being the worst.
@chuck_mounts from @SPGlobal joins @razacodes to talk depeg risk, what it takes to score a 1, and how regulation could change the stablecoin market.
Timestamps:
00:00 - Introduction
01:42 - Why S&P developed a stablecoin evaluation framework
04:28 - Fundaments of the evaluation framework
08:15 - Future of institutional vs retail stablecoin ratings
11:02 - Does crypto feel like the wild west?
15:44 - Quantitative metrics vs analytic methodology
17:28 - Framework approach to different stablecoin types
19:40 - Regulations and adoption
25:31 - How institutions use the assessment framework today
29:35 - TradFi exploring DeFi
32:06 - S&P's role in education and market adoption
40:10 - Advice for teams looking to improve risk profiles
Chuck Mounts retweeted
As a U.S.-based blockchain company, we see the establishment of a U.S. Strategic Cryptocurrency Reserve by President Trump as a pivotal step toward American digital asset leadership. The Trump administration is moving swiftly to fulfill its commitments and cement the United States’ position at the forefront of digital asset innovation.
At Ondo, we are advancing this vision by leveraging blockchain to modernize U.S. financial markets. We’ve already pioneered the tokenization of U.S. Treasuries, and soon, we’ll expand to U.S. stocks, bonds, and ETFs—making the economy more open, accessible, and globally competitive. 🇺🇸
Chuck Mounts retweeted
1/4 An immensely proud day for us at Credora as we launch The Credora Network, a Consensus Ratings Protocol for DeFi. Our mission for the last 5 years(!) has been to make lending risk more transparent in crypto. Today we launch a solution to unify risk assessment in DeFi.
Chuck Mounts retweeted
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey. The Ondo Ecosystem already includes notable industry leaders such as BlackRock, PayPal and Morgan Stanley.
Chuck Mounts retweeted
1/ Today, we’re excited to unveil a first look at the next evolution for Ondo Global Markets (Ondo GM), our RWA tokenization platform designed to enable onchain access to stocks, bonds, and ETFs. What stablecoins did for dollars, Ondo Global Markets will do for securities.
The first week of the new Administration has brought significant changes to US policy approaches towards digital asset and crypto financial markets. Policy formation, or lack thereof, has been a key impediment in the adoption of crypto financial capabilities. While execution of new policy agendas are still pending, the speed and scale of the shift in policy direction is significant. S&P remains dedicated to offering essential data, analytics, and benchmarks to enhance decision-making in markets.
Key policy highlights from the week include:
- The SEC rescinded SAB 121, eliminating the requirement for firms holding cryptocurrencies to list their customers' crypto holdings as liabilities on their balance sheets.
- An Executive Order is establishing a Digital Asset Working Group tasked with proposing Federal regulatory frameworks within 6 months. The group will involve multiple regulators but will exclude the Federal Reserve and other banking regulators.
- Commissioner Hester Peirce of the SEC is initiating a Crypto Task Force aimed at crafting a comprehensive regulatory framework for crypto assets.
These developments mark a significant step in reshaping the regulatory landscape for digital assets and crypto markets. hashtag#PolicyChanges hashtag#DigitalAssets hashtag#CryptoRegulation hashtag#DeFi
Great mapping @humafinance ! S&P Global Ratings is committed to providing the tools, services and benchmarks to inform decision making, including our Stablecoin Stability Assessment. spglobal.com/ratings/en/prod…
From the report: “S&P Global, with its established reputation in financial analysis and risk assessment, provides traditional credit ratings and has expanded into providing analysis and ratings for stablecoins and other real-world assets, which can inform the tokenization process within PayFi”.
Introducing the PayFi Ecosystem Map—a powerful visualization of the financial architecture shaping the future of global payment financing.
It highlights the six foundational layers of the PayFi Stack driving faster, lower-cost, & more accessible financial solutions. It also delves into the key players across the stack & how they're enabling use cases such as cross-border payments, & DePIN.
Check it out & let us know your thoughts—drop us a comment! blog.huma.finance/introducin…
Chuck Mounts retweeted
Stablecoin Market Cap Hits Record High
The stablecoin market cap, excluding algorithmic stablecoins, reached an all-time high of over $168.1 billion, surpassing the previous peak of $167 billion from March 2022. After hitting a low of $122 billion in October 2022, the market cap has been steadily increasing throughout 2024. Crypto analyst Rachael Lucas suggests that this growth could indicate rising institutional investment in crypto, with stablecoins serving as a bridge between traditional finance and digital assets. USDT, the largest stablecoin, has grown by 28% this year, holding about 70% of the total market cap, while USDC has also seen significant growth in 2024.
Source: The Block
📢Washington, D.C. & ETFs
🟥 @JoeBiden vetoes congressional disapproval of @SECGov accounting bulletin SAB 121 on #crypto.
🟥 Australia's First Spot #Bitcoin ETF With Direct BTC Holdings from @MonochromeAsset to Go Live on Tuesday.
•#IBTC will begin trading on @Cboe Australia. Two #ETPs providing exposure to spot crypto assets on Cboe Australia exist but they dont hold bitcoin directly.
🟥 Spot Ethereum #ETF 'fee war' begins as @FTI_US discloses fees.
•@FTI_US, @vaneck_us and @InvescoUS / @Galaxyhq filed amended S-1 forms with the @SECGov on Friday for their spot Ethereum ETF applications. Franklin Templeton plans to charge a 0.19% sponsor fee. VanEck said it received $100,000 in seed investment. Invesco Galaxy added @BNYMellon will be the cash custodian, while @Coinbase Custody Trust Company LLC will be the custodian for ether.
🟥 @ARKInvest no longer a partner with @21Shares for proposed spot #Ethereum fund.
•In a newly amended S-1, previously named Ark 21Shares Ethereum ETF was changed to 21Shares Core Ethereum ETF.
📢 Mass adoption recap
🟥 @Nomura, @LaserDigital_ partner with @GMOTrust to explore dollar and yen #stablecoin issuance in Japan.
•GMO-Z holds a New York State (NYDFS) Trust Charter.
🟥 @UBS distributes first fund issued on @icapitalnetwork ‘s #DLT infrastructure administered by @GenIIFund.
🟥 @CACEIS creates business line dedicated to #digitalassets.
•It received a digital asset custody license from AFME and plans to expand it to a #DASP license under #MiCAR.
🟥 @Nomura’s @LaserDigital_ backs @KelpDAO and RWA tokenization blockchain @MANTRA_Chain.
🟥 Korea’s Woori Bank, NH NongHyup Bank progress #tokenization platforms separately.
•Woori Bank signed a distribution deal with Piece, the Korean fractional investment marketplace, and applied to participate in a regulatory #sandbox. NH NongHyup Bank received Won 1B in funding from the Korea Internet & Security Agency to develop its token issuance platform.
🟥 @mufgbk_official explores stablecoin #payment for tokenized carbon credits with @KlimaDAO.
•Using the #JPYC stablecoin issued on the #Progmat blockchain platform to settle tokenized carbon credit transactions.
📢 Moves towards mass adoption
🟥 @DeutscheBank joins MAS #ProjectGuardian, expected to work with Memento Blockchain to service tokenized & digital funds.
🟥 @Mastercard executes first tokenized deposit transactions with @StanChart subsidiaries part of the Hong Kong Fintech Supervisory #Sandbox.
•Mox Bank bought a carbon credit executed by Libeara.
🟥 #JPMCoin to be used for on-chain settlement on @Broadridge ’s DLT repo platform.
🟥 State of Wisconsin Investment Board reveals $163M in spot #bitcoin ETFs.
•Purchased 94,562 shares of @BlackRock ’s #IBIT in Q1.
🟥 @StanChart confirms Euro transactions on @PartiorOfficial interbank #tokenized deposit network with @Siemens and @iFAST_IN.
🟥 EU wholesale #DLT settlement trials kick off with Oesterreichische Nationalbank.
🟥 #USDC stablecoin issuer @Circle filed with the High Court of the Republic of Ireland to redomicile to the US ahead of possible #IPO.
📢 Mass adoption news
🟥 @FTI_US CEO says all #ETFs and mutual funds will be on blockchain.
🟥 @JPMorgan to open up #Onyx Digital Assets to third party applications.
•Onyx #blockchain has processed > $1T in notional #transactions and handles up to $2B in transactions daily.
🟥 @WellsFargo and @JPMorgan reveal #Bitcoin exposure.
•JP Morgan purchased about $760k worth of shares of #IBIT, #FBTC, #GBTC, #BITB, and #BITO.
🟥 @ARKInvest and @21Shares drop #staking plans from Ethereum ETF proposal.
🟥 Japan’s @metaplanet adopts bitcoin as reserve asset amid #yen slump.
🟥 @_Finexity_ plans DLT #Pilot Regime application. Partners with @CashlinkHQ.
🟥 @FireblocksHQ plans to become New York #custodian. Launches custodian partner program.
•Applied to NYDFS for a limited purpose trust charter to provide cold storage for #digitalassets.
📢 Pathway to mass adoption
🟥 @tether, #USDC and #DAI transaction volume surpasses @Visa 's 2023 monthly average.
🟥 Hong Kong's six spot bitcoin, #ether ETFs see $11M in volume on first trading day.
•ChinaAMC’s spot #bitcoin ETF led logging HK37.16M
🟥 @Ripple breaks ground in Japan, @SBIGroup to use #XRPL for supply chain solutions.
•Ripple entered a strategic partnership with @HashKey_DX.
ALT Source: Nansen
📢 Ecosystem news & adoption
🟥 @Bank_of_Japan_e launches CBDC API #Sandbox, publishes digital yen report.
🟥 Australia’s largest stock exchange @ASX could list approved spot bitcoin #ETFs by end of 2024.
•@GlobalXETFs X @21Shares #BTC & #ETH ETFs are the only spot crypto funds in Australia.
🟥 @StanChart backed @ZodiaCustody lands bitcoin miner @MarathonDH as client.
•Largest listed #Bitcoinminer by market cap ($5.2B).
🟥 @Cboe ditches spot crypto trading in #digitalassets reshuffle.
ALT Source: Bank of Japan
📢 More on mass adoption
🟥 @RobertKennedyJr wants to put the entire US budget on a #blockchain.
🟥 @PayPal, @energywebx propose incentive program for #bitcoinminers who go green.
🟥 @BlackRock 's spot bitcoin ETF joins exclusive club after 70 straight days of growth.
•Total #IBIT AUM ~$18.16B. Now top 10 ETF with longest daily streaks of daily inflows.
🟥 @NYSE contemplates following #cryptocurrency markets with 24/7 trading.
•Survey comes as @24XBermuda seeks SEC approval to launch first around-the-clock exchange.
🟥 @Citi & @a16z -backed @talostrading acquires crypto #risk management platform @cloudwallcap.
•$1.25 billion valuation in 2022. Other investors: @WellsFargo Strategic Capital, @BNYMellon, @PayPalVentures, @CastleIslandVC & @Fidelity.
🟥 Amid fading Indian CBDC interest, @MyIndusIndBank launches programmable farmer #pilot.
