S&P Global to Acquire Crypto Security Firm OpenZeppelin

Key Insights

• In crypto news today, S&P Global will acquire OpenZeppelin, expanding its presence in blockchain and digital-asset security.
• OpenZeppelin secures more than $250 billion in digital assets, according to the company.
• The deal strengthens S&P Global’s position in onchain finance as institutional adoption of blockchain infrastructure grows.

Crypto news today turned to institutional blockchain infrastructure after S&P Global agreed to acquire OpenZeppelin. The Sept. 17 transaction would add smart-contract and onchain security capabilities to S&P Global’s growing digital asset business.

OpenZeppelin’s technology underpins more than $37 trillion in value transferred through its smart-contract libraries, according to the acquisition announcement. The company has also completed more than 900 security engagements since its founding in 2015.

Crypto News Today: S&P Global Targets OpenZeppelin

S&P Global’s decision to acquire OpenZeppelin is part of a broader push into cryptocurrency infrastructure.

S&P Global has increased its activity in the crypto space since 2021, launching crypto indices and issuing risk assessments for tokenized funds and DeFi protocols.

Adding OpenZeppelin’s expertise will give S&P an on-chain security layer to complement its data and analytics products.