S&P Global Puts Decentralized Finance at the Forefront with New DeFi Director Hire – Crypto Going Mainstream?
To manage its entry into the quickly developing decentralised finance market, S&P Global is looking for a DeFi director.
An updated job listing on LinkedIn indicates that the massive financial information and analytics organisation is looking to hire a DeFi director to lead its expansion into the sector, signalling the adoption of cryptocurrencies and blockchain-based technology by the general public.
According to the job description, the company is searching for someone with knowledge of smart contracts, decentralised exchanges (DEXs), and well-known DeFi protocols like Uniswap and Aave, as well as experience in trading and custody of digital assets.
The company described the ideal candidate as “a crypto market participant with a strong knowledge of the disruption it represents both for our company and our consumers,” adding that the chosen applicant must keep up with “the fast-moving changes in the constantly evolving DeFi industry.”
To increase S&P Global’s decentralised presence, the DeFi director will be in charge of spotting fresh prospects in the sector and forming alliances with DeFi businesses.
The individual will collaborate closely with the business development, data science, and other teams within the organisation.
S&P Global said that the expected basic salary range for this position is between $107,100 and $212,975. The statement said, “Final base wage for this position will be depending on the geographic location of the individual as well as experience level, skill set, training, licences, and certifications.”
The S&P 500 index, which is commonly considered as a barometer for the US stock market, is the most well-known product of S&P Global, a significant provider of financial data and analytics services.
Is Crypto Going Mainstream?
The decision by S&P Global to recruit a DeFi director may be a sign of how widely accepted cryptocurrencies and blockchain-based technologies are becoming.
It also highlights the growing significance of DeFi in business and finance and may mark a critical turning point for the sector.
Global investment bank Citi researchers stated in a recent analysis that the cryptocurrency market is “approaching an inflection point” and that blockchain technology will soon have “billions of users and trillions of dollars in value,” driven mainly by the growth of CBDC and the tokenization of assets.
It is important to note that some of the biggest corporations in the world are already utilising cryptocurrency and blockchain technologies.
44 of the top 100 public firms by market capitalization across six key industries are currently actively employing blockchain, according to a research published by blockchain adoption analytics platform Blockdata last year.
In particular, the majority of businesses in the tech, media, and telecom industries, including well-known names as Meta, Salesforce, Adobe, Verizon, and Nvidia, have already incorporated blockchain technology and cryptocurrencies into some of their products.
The crypto industry is expected to grow more intertwined with traditional finance as more well-known companies enter the market, opening up new opportunities and quickening the pace of innovation.
Before investing in cryptocurrency or indulging in any crypto affair, contact a cryptocurrency development company beforehand!