S&P Global (NYSE: SPGI) today announced it has completed its acquisition of OpenZeppelin, the security standard for onchain finance.
The transaction, first announced on September 17, complements S&P Global's risk assessment capabilities in digital asset markets and brings OpenZeppelin's deep expertise in onchain ecosystem development, enhancing its ability to create the next generation of onchain security assessments and benchmarks, and deliver essential intelligence as capital markets transition onchain.
Founded in 2015, OpenZeppelin combines leading onchain security assessments and secure development services with one of the world's leading open-source smart contract libraries, OpenZeppelin Contracts.
Its security team has conducted 900+ engagements for the protocols and institutions defining digital asset markets, surfacing 10,000+ vulnerabilities before production, while OpenZeppelin Contracts underpin over $38 trillion in value transferred, including many of the largest stablecoins and tokenized funds.
Alongside its security and open-source work, OpenZeppelin's engineering team builds secure onchain infrastructure for leading blockchain networks and institutions.
The acquisition expands S&P Global's risk assessment capabilities into the onchain technology-risk layer that underpins onchain financial products, while S&P Global's trusted brand, deep institutional relationships, and global distribution accelerate OpenZeppelin's reach into traditional finance.
SPGI opened Monday trading ahead $4.84, or 1.1%, to $455.15.
Related Stories
