S&P Global Acquires OpenZeppelin to Strengthen Crypto Infrastructure Oversight
On September 17, S&P Global announced the acquisition of OpenZeppelin, a leading provider of open-source smart contract code used in most major stablecoins. This marks S&P's second significant move into crypto within three days and expands its role from rating financial products to overseeing foundational blockchain infrastructure. OpenZeppelin has been instrumental in publishing secure smart contracts since 2015, handling over $37 trillion in value across more than 900 security reviews. The acquisition gives S&P control not just of data but the actual code that executes transactions on blockchains. OpenZeppelin's CEO will continue to lead operations under S&P Global Ratings. The move aligns with a broader trend as audited protocols still face significant losses, totaling $3.63 billion in breaches through July 2026 despite prior security checks.
Tickers: $SPGI
Topics: Crypto Infrastructure OpenZeppelin S&P Global Smart Contracts Stablecoins