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. SummaryS&P Global has agreed to acquire OpenZeppelin to expand its smart contract security and onchain risk assessment capabilities.OpenZeppelin has completed more than 900 security engagements, while its smart contracts have supported over $37 trillion in value transferred.OpenZeppelin will operate as a separate S&P Global business unit and keep its open source contracts library free and publicly maintained.The deal follows S&P Globals $110 million strategic investment round in crypto market data provider Kaiko earlier this week. According to S&P Globals Sept. 17 announcement, the transaction is expected to complement its existing risk assessment and digital asset capabilities. Financial terms were not disclosed, and the acquisition remains subject to closing conditions. OpenZeppelin will continue operating under its existing name as a separate S&P Global business unit. CEO Demian Brener will remain in charge of the company and report to S&P Global Ratings President Yann Le Pallec. S&P Global said the transaction is not expected to have a material effect on its financial results. S&P Global acquisition adds smart contract security capabilities Founded in 2015, OpenZeppelin develops open source









