【S&P Global moves in, acquiring a leading on-chain security firm 🔒】
Join X Mr.'s fan group chat on the homepage 🔥
On Thursday, S&P Global announced the acquisition of on-chain security company OpenZeppelin. Founded in 2015, the company has processed $3.7 trillion in transfers through smart contracts. It has conducted more than 900 security audits, though the transaction value hasn’t been disclosed.
Let’s first clarify each party’s core business. S&P Global sells data, ratings, and indices. OpenZeppelin sells code audits and on-chain risk control. This time, S&P is buying the latter.
What’s truly worth watching is the momentum. Earlier this week, S&P just co-led an investment in crypto data provider Kaiko, bringing Kaiko’s Series B to $110 million. Two deals in a week—both are aimed at on-chain data and security.
For crypto, rating agencies are starting to lay the infrastructure for on-chain assets. OpenZeppelin will operate as an independent business unit, and its founders will continue to lead the team. Previously, people within the on-chain risk-control circle managed things themselves; now, outside giants are coming in to hand out the scores.
Do you think the arrival of these rating giants is meant to add credibility to the crypto space—or to capture influence over the narrative? Let’s discuss in the comments.
Join X Mr.'s fan group chat on the homepage 🔥
On Thursday, S&P Global announced the acquisition of on-chain security company OpenZeppelin. Founded in 2015, the company has processed $3.7 trillion in transfers through smart contracts. It has conducted more than 900 security audits, though the transaction value hasn’t been disclosed.
Let’s first clarify each party’s core business. S&P Global sells data, ratings, and indices. OpenZeppelin sells code audits and on-chain risk control. This time, S&P is buying the latter.
What’s truly worth watching is the momentum. Earlier this week, S&P just co-led an investment in crypto data provider Kaiko, bringing Kaiko’s Series B to $110 million. Two deals in a week—both are aimed at on-chain data and security.
For crypto, rating agencies are starting to lay the infrastructure for on-chain assets. OpenZeppelin will operate as an independent business unit, and its founders will continue to lead the team. Previously, people within the on-chain risk-control circle managed things themselves; now, outside giants are coming in to hand out the scores.
Do you think the arrival of these rating giants is meant to add credibility to the crypto space—or to capture influence over the narrative? Let’s discuss in the comments.
