S&P Global Buys Smart Contract Security Firm OpenZeppelin
S&P Global has acquired OpenZeppelin, a smart contract security firm that has underpinned over $37 trillion in value transferred through stablecoins, tokenized funds, and DeFi protocols.
The deal gives S&P Global access to OpenZeppelin's smart contract security tools and technical expertise as banks and asset managers move more financial products onto blockchain networks.
'As digital assets and tokenized markets continue to mature, OpenZeppelin's technology and expertise will complement our smart contract and onchain technology risk assessment capabilities,' said Yann Le Pallec, President of S&P Global Ratings.
The acquisition builds on S&P Global's broader expansion into digital assets. It comes as institutional interest in tokenized financial products grows, with BlackRock recently launching tokenized money market funds on Solana and Ethereum.