TLDRS&P Global launches a new risk tool for the $10 billion crypto vault market.The framework assesses six major risks across digital asset lending vaults.Crypto vault deposits surged from $1.5 billion in 2024 to $10 billion in 2026.SPGI stock closed 0.49% lower before edging 0.07% higher in pre-market trade.The launch extends S&P Global’s broader push into blockchain finance and data.S&P Global has launched a new risk assessment framework for digital asset lending vaults, targeting a rapidly expanding $10 billion market. The move strengthens the company’s growing role in blockchain-based finance and expands its analytical services beyond traditional credit markets. SPGI stock closed at $386.27, down 0.49%, before rising 0.07% to $386.54 in pre-market trading.S&P Global Inc., SPGIS&P Global Launches Vault Risk AssessmentS&P Global Ratings introduced the Vault Risk Assessment to evaluate impairment risks linked to digital asset lending vaults. The framework provides forward-looking analysis designed to improve transparency across blockchain-based pooled investment structures. It also addresses limited strategy and risk disclosures across many existing vault products.The assessment covers six major areas that influence the overall risk profile of a digital asset vault. These include portfolio credit quality, liquidity mismatches, curator exposure, blockchain risks, protocol weaknesses, and governance security. S&P Global designed the approach to offer a standardized view across different vault structures.However, the company does not classify the assessment as a traditional credit rating. The framework also avoids evaluating potential yields offered through specific vault strategies. Instead, it measures relative impairment risks affecting deposited capital and positions within individual vaults.Digital Asset Vault Market Reaches $10 BillionDigital asset lending vaults have expanded rapidly as blockchain finance attracts more institutional activity. Total deposits reached about $10 billion by September 2026, according to S&P Global. That figure stood near $1.5 billion during September 2024.Vaults pool digital asset deposits and deploy those funds under defined lending or investment strategies. Smart contracts can manage these strategies automatically, while human managers can also control allocations. Depositors generally receive blockchain tokens representing their proportional ownership of underlying vault assets.These structures increasingly mirror products found across traditional financial markets. Their functions can resemble money market funds, private credit vehicles, private equity structures, or hedge funds. However, blockchain technology allows these pooled strategies to operate directly through onchain infrastructure.S&P Global Expands Digital Asset StrategyThe new product extends S&P Global’s broader expansion into digital asset risk, data, and blockchain infrastructure. The company previously introduced stablecoin assessments and issued a credit rating covering decentralized finance protocol Sky. It also rated a Bitcoin-backed structured finance transaction linked to digital asset lender Ledn.S&P Dow Jones Indices has also worked with Kaiko to tokenize the iBoxx U.S. Treasuries Index. Meanwhile, S&P Global led a strategic investment in Kaiko during September 2026. That transaction deepened the company’s exposure to digital asset data, indices, and market infrastructure.S&P Global also announced an agreement to acquire blockchain security company OpenZeppelin during September. The planned acquisition adds security expertise to its expanding portfolio of digital asset services. S&P Global Ratings plans to publish its first Vault Risk Assessments through future announcements. The post S&P Global (SPGI) Stock: New Vault Risk Tool Targets $10B Crypto Market appeared first on Blockonomi.