S&P Global IncS&P Global agreed to acquire blockchain security firm OpenZeppelin, expanding its digital-asset risk assessment capabilities.
S&P Global announced on September 17 that it has agreed to acquire blockchain security firm OpenZeppelin. The purchase price was not disclosed, and the deal is subject to customary conditions. S&P Global said the acquisition complements its risk assessment and ecosystem development capabilities in the digital asset market, with President Yann Le Pallec stating that OpenZeppelin's technology and expertise complement the company's ability to assess risks in on-chain technology. Founded in 2015, OpenZeppelin runs an open-source smart contract library regarded as the de facto industry standard, along with security audit services. More than 37 trillion dollars in value has been transferred through the library, which has over 900 audits to its name and has detected more than 10,000 vulnerabilities. After the acquisition, OpenZeppelin will continue as an independent business unit, with Demian Brener remaining as CEO, and the library will continue to be freely available on GitHub. S&P Global also led an investment in crypto market data firm Kaiko on September 14, while rival Moody's began providing ratings data on Solana in June, underscoring intensifying competition among the major ratings agencies over on-chain services.
S&P Global IncS&P Global agreed to acquire blockchain security firm OpenZeppelin, expanding its digital-asset risk assessment capabilities.
Moodys CorporationMoody's is cited as a rival intensifying competition in on-chain ratings/services, but no company-specific development is reported.
OpenZeppelin is being acquired by S&P Global and will continue as an independent business unit under its current CEO.