S&P Global is acquiring blockchain security company OpenZeppelin as it looks to expand its risk assessment business to on-chain financial products, according to a Thursday (Sept. 17) news release.
"The transaction complements S&P Global's risk assessment and ecosystem development capabilities in digital asset markets, enhancing its ability to create the next generation of on-chain security assessments, benchmarks, and deliver essential intelligence as capital markets transition on chain," the release said.
The acquisition comes days after S&P Global also led a strategic investment in digital asset data company Kaiko, which followed the companies agreeing to combine their cryptocurrency indices.
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