S&P Global Announces Agreement to Acquire 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 smart-contract security firm OpenZeppelin
S&P Global said today that it has agreed to acquire OpenZeppelin, the blockchain security firm behind open-source smart-contract libraries used by most of the largest stablecoins and tokenized funds. The deal marks another step into on-chain markets for one of the oldest names in credit ratings. OpenZeppelin builds and audits software for blockchain-based finance. Its...
S&P Global acquires OpenZeppelin, specialist in smart contract security, to note the technological risk on-chain. L'article S&P Global buys OpenZeppelin, reference for smart contract safety appeared first on Coin Academy
S&P Global acquires OpenZeppelin to strengthen risk assessment in blockchain and digital assets, according to Cointelograph
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