Former legal executives from crypto exchange OKX unveil DeFi connectivity, risk-rating service

Shredpay targets U.S. retail and organization users looking for easiness of usage and a broad hazard rating.

Mar 11, 2026, 3:00 p.m.

Three erstwhile executives who held high-profile legal, argumentation and merchandise roles astatine crypto speech OKX person unveiled an casual entree decentralized concern connectivity level called Shredpay, which is aimed astatine some retail customers and institutions successful the U.S.

The Shredpay founding squad is made up of CEO Mauricio Beugelmans, the erstwhile main ineligible serviceman astatine OKX; president Melissa Muehlfeld, erstwhile OKX planetary wide counsel; and CTO Peter Chang, the ex-VP of merchandise astatine OKX.

Decentralized concern (DeFi) remains a tricky proposition for the uninitiated. The existent marketplace offerings are segmented and see nary transparent hazard information, making mainstream adoption difficult, according to a property merchandise issued by Shredpay.

Beugelmans and co’s solution is to supply an uncomplicated, easy accessible onchain concern level with wide hazard ratings for DeFi protocols that assistance caller users, the steadfast said.

The alleged ShredPay DeFi Ratings Index, evaluates protocols crossed astute declaration security, liquidity depth, operational transparency, compliance, governance structure, and humanities performance, providing users with standardized hazard appraisal comparable to accepted recognition ratings.

"DeFi seems opaque, but it's not astir the exertion – it's astir accusation asymmetry," said Beugelmans. "Users often can't easy separate betwixt battle-tested protocols and exit scams.”

Shredpay CTO Chang said crypto natives whitethorn already cognize however to measure protocol risk; they work audits, way TVL, show governance. “We're packaging that institutional-grade owed diligence into a format that works for mainstream users. It expands the addressable marketplace for each protocol we rate,” helium said.

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