S&P Global Ratings launches an on-chain lending Vault risk assessment framework.

BlockBeats news, October 5th - S&P Global Ratings has released a risk assessment system for on-chain lending Vaults, called Vault Risk Assessment (VRA), applicable to Vaults that provide liquidity to blockchain lending markets collateralized by crypto assets or tokenized RWAs.

VRA will comprehensively evaluate factors such as the credit risk of underlying assets, protocol and blockchain risks, Vault manager risks, and liquidity, and will use rating symbols such as AAA(v), where AAA(v) represents the lowest risk. S&P emphasizes that VRA is not a traditional credit rating, nor does it evaluate Vault yields or guarantee their credit quality.