In brief
- S&P Global has agreed to acquire smart contract security firm OpenZeppelin.
- OpenZeppelin’s code libraries have underpinned more than $37 trillion in value transferred through stablecoins, tokenized funds, and DeFi protocols.
- Financial terms were not disclosed, and S&P Global said the deal is not expected to materially affect its financial results.
Credit ratings giant S&P Global has agreed to acquire smart contract security firm OpenZeppelin, expanding its risk assessment business to the code underpinning tokenized financial products.
Announced on Thursday, the deal will give S&P Global access to OpenZeppelin’s smart contract security tools and technical expertise as banks and asset managers move more financial products onto…
