Ratings giant S&P Global acquires OpenZeppelin in tokenized finance risk push

Image for article Ratings giant S&P Global acquires OpenZeppelin in tokenized finance risk push
News Source : CoinDesk

News Summary

  • S&P Global has agreed to buy OpenZeppelin, a smart-contract security firm.
  • The firm's open-source code library is used across much of the stablecoin and tokenized-fund market.
  • S&P said contracts built with the library have moved more than $37 trillion over time.
  • The deal follows a run of digital-asset moves by the roughly $120 billion company.
  • On Monday it led a strategic investment that extended crypto data firm Kaiko’s Series B to $110 million.
S&P Global (SPGI) said Thursday it has agreed to buy OpenZeppelin, a smartcontract security firm whose opensource code library is used across much of the stablecoin and tokenizedfund market.

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