Ratings giant S&P Global acquires OpenZeppelin in tokenized finance risk push
Building on its recent market-data investment in Kaiko, S&P Global’s latest purchase targets the technological risks facing banks and asset managers onchain.
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Summary
- S&P Global agreed to acquire OpenZeppelin, whose smart-contract security library has supported more than $37 trillion in cumulative transfers, though the deal’s terms were not disclosed.
- The acquisition will expand S&P’s digital-asset risk analysis beyond issuers’ creditworthiness and reserves to the technology underpinning stablecoins, tokenized funds and decentralized finance products.
- OpenZeppelin will retain its name and operate as a separate unit led by co-founder and chief executive Demian Brener, while the transaction remains subject to closing conditions.
