Stabledash Live · May 7 · 10 min

Real-Time Risk Monitoring for Stablecoin Infrastructure

With Andres Monteoliva

Key takeaways

Range describes itself as a treasury risk platform for companies with material exposure to stablecoins and digital assets, and every Squads multisig transaction runs through its risk and simulation service.
Andres Monteoliva says rules such as the GENIUS Act, MiCA and coming Brazilian regulation will force institutions to hold digital assets in more than one way, including through more than one custodian.
He says the Drift hack could have been mitigated with time locks in multisigs, dedicated devices and better op sec practices.

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Summary

Andres Monteoliva presents Range as a treasury risk layer for stablecoin holders and argues that recent DeFi hacks are a systemic risk the industry does not talk about enough.

Andres Monteoliva, cofounder and CEO of Range, says his company is a treasury risk platform for companies that have material exposure to stablecoins and digital assets. Range also sells APIs for payment risk, fraud protection and transaction simulation, with what he calls a very big footprint in Solana. Its deepest integration is with Squads, where every multisig transaction runs through Range's checks.

One view of the treasury

Andres Monteoliva says the platform is built from modules around three pillars. The first is unifying holdings: a company might use a Squads multisig, a custodian like Anchorage Digital and several other wallets, and Range puts them in one place with a real-time treasury view and a reconciled ledger.

The company also works with Altitude and with fintech companies that are starting to embrace stablecoins, he says.

“There is a few low hanging fruits that if that specific team would have enabled, like, for example, having time locks in their multisigs, having, like, probably, like, dedicated devices, having, like, different sort of, like, op sec good practices that could have really reduced the surface of something like this happening.”

Andres Monteoliva

Invisible checks on Squads

With Squads and Altitude, Andres Monteoliva says, the partnership goes deeper. For every transaction in the Squads ecosystem, an invisible real-time check runs in the back end, simulating the transaction and analyzing the counterparty address.

Faraday and cross-chain routing

Range is building Faraday, an aggregator for moving stablecoins across blockchains with risk and compliance controls baked in. It sits on top of Jupiter, Wormhole and CCTP, adding a security, risk and compliance layer.

Regulation pushes diversification

Andres Monteoliva points to the GENIUS Act, MiCA and regulation in Brazil as forcing companies to have multiple ways to hold digital assets. In Brazil, he says, a bank or financial institution using one custodian will be forced to use more than one, as a matter of segregation of risk.

Lessons from the Drift hack

Andres Monteoliva says DeFi exploits of the last few months are creating systemic risk that the industry does not discuss enough, since institutions see the possibility of all their assets being wiped out. He says Range is working with the Solana Foundation and the broader ecosystem on ways to prevent incidents like the Drift hack, which he says low hanging fruit such as multisig time locks and dedicated devices could have made less likely.

Range is also building an alerting system so that teams with capital in Altitude or FUSE can react when a hack or a change in TVL or liquidity might affect their funds.

Taken together, Andres Monteoliva presents Range as a risk layer that sits under treasuries, multisigs and cross-chain transfers rather than a tool used after the fact. He says the core mission is to help teams move very fast without breaking things, in an industry he calls a marathon and a survival game.

Range, Altitude, Drift, and Squads come up most.

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