S&P Global Puts Decentralized Finance at the Forefront with New DeFi Director Hire – Crypto Going Mainstream?

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Ruholamin Haqshanas
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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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S&P Global is on the hunt for a DeFi director to oversee its expansion into the rapidly evolving decentralized finance sector. 

According to a new job posting on LinkedIn, the giant financial information and analytics company is hiring for a DeFi director to spearhead its expansion into the space in a move that signifies the mainstream acceptance of cryptocurrencies and blockchain-based technologies.

As per the job description, the company is looking for someone with experience in digital asset trading and custody, as well as knowledge of smart contracts, decentralized exchanges (DEXs), and popular DeFi protocols like Uniswap and Aave.

“A crypto market participant with a deep understanding of the disruption it represents both for our company and our customers,” the company said, adding that the successful candidate is expected to stay up to date “with the fast-moving developments in the constantly evolving DeFi world.”

The DeFi director will be responsible for identifying new opportunities in the space and developing partnerships with DeFi companies to expand S&P Global’s decentralized footprint. 

The person will work closely with other teams in the organization, including data scientists, product managers, and business development.

In terms of compensation, S&P Global said the anticipated base salary range for this position is $107,100 to $212,975. “Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses, and certifications,” it added.

S&P Global is a major provider of financial data and analytics services and is best known for its S&P 500 index, which is widely regarded as a barometer for the US stock market. 

Is Crypto Going Mainstream?

S&P Global’s move to hire a DeFi director could be an indication of the increasing mainstream acceptance of cryptocurrencies and blockchain-based technologies. 

It also underscores the growing importance of DeFi in finance and commerce and could represent a significant milestone for the industry. 

In a recent report, global investment bank Citi analysts also said crypto is “approaching an inflection point,” and that blockchain technology will soon see “billions of users and trillions of dollars in value” powered primarily by the rise of CBDC and tokenization of assets.

It is worth noting that some of the world’s largest companies are already using blockchain technology and crypto in some form. 

In a report last year, blockchain adoption analytics platform Blockdata said 44 out of the top 100 public companies by market capitalization across six major sectors are currently actively utilizing blockchain.

Specifically, most of the companies in the tech, media, and telecom sectors, including major brands like Meta, Salesforce, Adobe, Verizon, and Nvidia have already integrated blockchain and crypto in some of their products. 

As more established firms enter the space, the crypto sector is set to become more integrated with traditional finance, unlocking new opportunities and accelerating the pace of innovation. 

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