S&P Global to acquire OpenZeppelin to expand digital asset risk assessment into onchain technology

S&P Global has entered into an agreement to acquire OpenZeppelin, a smart contract security company, as part of an expansion of its digital asset risk assessment capabilities into onchain technology ^{[1] [2] [3] [4]}.

OpenZeppelin was founded in 2015 and develops widely used open-source smart contract libraries, and it has completed more than 900 security engagements ^[1].

After the acquisition, OpenZeppelin is expected to continue operating under its own name as a separate business unit led by CEO Demian Brener, and the financial terms were not disclosed ^[1].

CoinDesk reported that S&P Global’s purchase builds on its earlier market-data investment in Kaiko, and framed the acquisition as targeting technological risks facing banks and asset managers onchain ^[2].

Cointelegraph reported that OpenZeppelin said its smart contracts have facilitated more than $37 trillion in value transfers ^[4].