S&P launches ratings-style risk scores for $10 billion crypto vault market
- —Vault deposits grew to roughly $10 billion from $1.5 billion in two years
- —S&P assesses six areas, including curator, liquidity and protocol risk
- —Grades carry a (v) suffix and are not credit ratings
- —CertiK flagged a ~$6 million borrowing of 1,783 aBaswstETH from a Base vault
Why it matters: Standardized grades could give institutional allocators a common benchmark in a segment that has grown nearly sevenfold in two years.
Source: CryptoSlate