S&P Global Announces Acquisition of Blockchain Security Company OpenZeppelin

TechFlow reports, on September 17, according to PR Newswire, S&P Global (NYSE: SPGI) announced on September 17 that it had signed an agreement to acquire OpenZeppelin, a provider of on-chain financial security standards. Founded in 2015, OpenZeppelin’s open-source smart contract library has cumulatively facilitated over $37 trillion in value transfers, covering global mainstream stablecoins and tokenized funds. It has completed more than 900 security audits, identifying over 10,000 vulnerabilities to date.

This acquisition will expand S&P Global’s assessment capabilities in on-chain technology risks, aiding it in developing next-generation on-chain security evaluation and benchmark products. OpenZeppelin will continue to operate as an independent business unit, with CEO Demian Brener remaining in his role and reporting to Yann Le Pallec, President of Ratings at S&P Global. Financial terms of the transaction were not disclosed and are not expected to have a material impact on S&P Global’s financial performance.