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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 Buy OpenZeppelin and Fold Smart Contract Audits Into Ratings
The ratings firm that cut Tether's stability grade to its lowest level last year is buying the security company behind the open source smart contract libraries widely used across DeFi, and it is placing the business under S&P Global Ratings.
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…
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83% Center
C 83%
R 17%
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