
#27: Sebastien Derivaux, Steakhouse Financial | Building Steakhouse, MakerDAO's RWA Legacy, and DeFi risk management
From Wallfacer Podcast by Wallfacer Podcast
December 10, 2025 · 1h 6m
About this episode
Sébastien Derivaux discusses the evolution of real-world assets in DeFi and the lessons learned from his experience in bringing traditional finance on-chain.
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 SUBSCRIBE TO WALLFACER PODCAST AND SHARE WITH FRIENDS: * Apple * Spotify * YouTube: https://www.youtube.com/@WallfacerLabs * Substack: https://wallfacerlabs.substack.com/s/podcast TIMESTAMPS: * [00:00] Introduction…
People in this episode
Host: Ryan Rodenbaugh
Guest: Sébastien Derivaux
Topics covered
- real-world assets
- DeFi
- risk management
- tokenized assets
- credit infrastructure
- financial technology
Keywords
- Steakhouse Financial
- MakerDAO
- real-world assets
- DeFi risk management
- tokenized assets
- credit infrastructure
- Société Générale
- CLO strategies
Mentioned in this episode
Organizations: Steakhouse Financial, MakerDAO, Société Générale, Morpho, Grove, CLO
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