S&P Global Completes Acquisition of OpenZeppelin

S&P Global has completed the acquisition of blockchain security company OpenZeppelin. The financial terms of the deal were not disclosed, and it is expected to have no significant impact on financial performance. OpenZeppelin will continue to operate as an independent business unit, led by founder Demian Brener, and will report to Yann Le Pallec, President of S&P Global Ratings. Demian Brener stated that the OpenZeppelin Contracts smart contract library will remain open-source, free, and publicly maintained. Previously, S&P Global announced on September 17 that it had reached an acquisition agreement.

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