Three former executives who held high-profile legal, policy and product roles at crypto exchange OKX have unveiled an easy-to-access decentralized financial connectivity platform called Shredpay, targeting both retail and institutional customers in the US
The Shredpay founding team consists of CEO Mauricio Beugelmans, the former head of legal at OKX; president Melissa Muehlfeld, former OKX global general counsel; and CTO Peter Chang, the former VP of Product at OKX.
Decentralized finance (DeFi) remains a difficult proposition for the uninitiated. Current market offerings are segmented and contain no transparent risk information, making mainstream adoption difficult, according to a press release issued by Shredpay.
Beugelman and co’s solution is to provide an uncomplicated, easily accessible onchain funding platform with clear risk assessments for DeFi protocols that help new users, the firm said.
The so-called ShredPay DeFi Ratings Index evaluates protocols across smart contract security, liquidity depth, operational transparency, compliance, governance structure and historical performance, providing users with a standardized risk rating comparable to traditional credit ratings.
“DeFi seems opaque, but it’s not about the technology — it’s about information asymmetry,” Beugelmans said. “Users often cannot easily distinguish between battle-tested protocols and exit scams.”
Shredpay CTO Chang said crypto natives may already know how to assess protocol risk; they read audits, track TVL, monitor governance. “We’re packaging that institutional-grade due diligence into a format that works for regular users. It expands the addressable market for every protocol we evaluate,” he said.
