S&P Global Agrees to Acquire Blockchain Security Firm OpenZeppelin
The deal expands S&P Global’s digital-asset reach as OpenZeppelin’s library has supported more than $37 trillion in transferred value, the companies said.
- On Thursday, S&P Global announced an agreement to acquire OpenZeppelin, the security standard for onchain finance, in a move to expand its digital assets capabilities.
- Founded in 2015, OpenZeppelin provides onchain security assessments and an open-source smart contract library trusted by many of the largest stablecoins and tokenized funds globally.
- Contracts built with the library have moved over $37 trillion in value; the firm has conducted more than 900 security engagements, surfacing over 10,000 vulnerabilities, S&P said.
- Demian Brener, CEO of OpenZeppelin, will continue leading the business as a separate unit, reporting to Yann Le Pallec, President, S&P Global Ratings.
- The acquisition complements S&P Global's risk assessment capabilities in digital asset markets. "Our digital assets strategy centers on bringing trusted data, benchmarks and transparent risk assessment to markets as they move onchain," said Le Pallec.
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S&P Global agrees to acquire blockchain security firm OpenZeppelin
S&P Global has agreed to acquire blockchain security company OpenZeppelin as the financial data and ratings provider expands its digital asset business into smart contract and onchain technology risk assessment. According to S&P Global’s Sept. 17 announcement, the transaction is…
Why Is S&P Global Pursuing OpenZeppelin Acquisition?
S&P Global has agreed to buy blockchain security company OpenZeppelin in a deal meant to broaden its digital asset capabilities. The OpenZeppelin acquisition was announced on Thursday, with financial terms left undisclosed and the transaction still subject to closing conditions. S&P Global said the move is intended to complement its risk assessment and ecosystem development… The post Why Is S&P Global Pursuing OpenZeppelin Acquisition? first app…
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