
← Wallfacer Podcast10 Dec 2025 · 1 h 06 min
#27: Sebastien Derivaux, Steakhouse Financial | Building Steakhouse, MakerDAO's RWA Legacy, and DeFi risk management
Today’s guest is Sébastien Derivaux, co-founder of Steakhouse Financial. We discuss the evolution of real-world assets in DeFi from MakerDAO’s pioneering experiments to today’s institutional-grade credit infrastructure, the recent mF-ONE private credit controversy and what it reveals about risk management in tokenized assets, and how Steakhouse built a $1B+ vault curation business on Morpho. Seb shares unfiltered lessons from five years of bringing TradFi credit on-chain—from Société Générale’s groundbreaking tokenized bond deal to defaults to launching Grove as a Sky Star allocating $1B into CLO strategies.
GUEST LINKS:
* Sébastien Derivaux: https://twitter.com/SebVentures
* Steakhouse Financial: https://twitter.com/SteakhouseFi
* Steakhouse Financial Website: https://steakhouse.financial
HOST LINKS:
* Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh
* Vaults.fyi: https://vaults.fyi
* Vaults.fyi X: https://x.com/vaultsfyi
* Wallfacer X: https://x.com/wallfacerlabs
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