S&P Global will acquire OpenZeppelin. OpenZeppelin is a security firm for blockchain and smart contracts. It was founded in 2015. The firm provides security audits and offers a widely used open-source library of smart contracts. This library has underpinned trillions of dollars in on-chain value transfers.
S&P Global aims to bolster its risk assessment capabilities in digital asset markets. It will integrate OpenZeppelin's expertise. This integration will provide enhanced security assessments and benchmarks. It will serve traditional financial institutions and decentralized finance (DeFi) companies. Financial terms of the deal were not disclosed. The deal is not expected to materially impact S&P Global's earnings.