S&P Global to Acquire Smart Contract Security Firm OpenZeppelin

S&P Global (SPGI) has agreed to acquire OpenZeppelin, a prominent smart contract security firm. OpenZeppelin, which provides security audits and a widely used open-source code library for DeFi and stablecoins, will operate as a standalone business unit under its current name. CEO Demian Brener will remain in charge, reporting to S&P Global Ratings President Yann Le Pallec. The acquisition aims to enhance S&P Global's onchain risk assessment capabilities for traditional and crypto-native institutions.