OpenZeppelin | Crypto

The security firm says its team and tools will continue, while S&P adds data, research and institutional reach after closing. The post Wall Street gains direct oversight of Web3 security as S&P Global buys OpenZeppelin appeared first on CryptoSlate.

S&P Global agreed to acquire smart contract security firm OpenZeppelin, expanding its digital asset business into the technology underpinning tokenized finance. On Sept. 17, the financial data and ratings company said that OpenZeppelin will continue operating under its own name as a separate business unit. Chief Executive Demian Brener will remain in charge and report […] The post From Kaiko to OpenZeppelin, S&P Global is quietly preparing for markets that never close appeared first on CryptoSlate.

S&P Global agreed to buy OpenZeppelin, which says its smart contracts have facilitated more than $37 trillion in value transfers. S&P Global is set to acquire the blockchain security company OpenZeppelin, expanding the financial data, ratings and benchmark provider’s digital asset capabilities. The deal announced on Thursday is aimed at complementing S&P Global’s risk assessment and ecosystem development capabilities in the digital asset market, it said. Financial terms were not disclosed, and the transaction remains subject to closing conditions. “Our digital assets strategy centers on bringing trusted data, benchmarks and transparent risk assessment to markets as they move onchain,” S&P Global ratings president Yann Le Pallec said. He added that OpenZeppelin would expand his company’s smart contract and onchain technology risk assessment capabilities. Read more