Singapore – – October 04, 2026 -- S&P Global Ratings has launched a new risk-assessment framework for digital asset lending vaults, a market that has grown to $10 billion in deposits as of September 2026 from $1.5 billion two years earlier. The Vault Risk Assessment (VRA) delivers independent, forward-looking analysis of impairment risk for investors in blockchain-based lending vehicles that pool deposits and deploy them according to defined strategies, functioning much like traditional fixed income funds.