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S&P Global agreed to buy OpenZeppelin, a firm that provides security standards and audits for blockchain-based finance. OpenZeppelin helps companies ensure their digital contracts and systems are safe from hacks or errors.
This move shows the company is serious about becoming the primary gatekeeper for crypto and digital assets, just as it is for traditional bonds. By owning the security standards that other firms use, S&P Global can embed its services into the foundation of how digital markets are built.
Source: PRNewsWire
S&P Global has made a strategic investment in Kaiko, a firm that tracks and analyzes data for digital assets like cryptocurrencies. This follows a partnership the two companies formed just last week to launch a new suite of crypto indices.
By taking an ownership stake, S&P Global is signaling that it wants to be the primary provider of data and benchmarks for digital assets, just as it is for traditional stocks and bonds. As more institutional investors move into crypto, they need the same kind of reliable "seal of approval" and data infrastructure that S&P Global already provides for the rest of the financial world.
Source: PRNewsWire
S&P Dow Jones Indices is adding Bloom Energy, Illumina, and Everpure to the S&P 500 effective September 21. These moves are part of a wider quarterly rebalance that also affects the S&P 100 and various mid-cap and small-cap indices.
This is a core part of how S&P Global makes money. When companies join these indices, thousands of investment funds that track the benchmarks must buy those stocks, and the firms managing those funds pay S&P Global licensing fees for the right to use the index names and data.
Source: PRNewsWire
S&P Dow Jones Indices and Kaiko have launched a combined suite of digital asset indices. This partnership brings their various cryptocurrency tracking tools onto one platform under the S&P Kaiko brand. While digital assets are still a small part of the global financial system, this move helps S&P Global stake a claim in a newer market. It uses the same "toll booth" model as their stock indices, where they provide the trusted data that other firms use to build investment products.
Source: PRNewsWire
S&P Global completed its acquisition of datacenterHawk, a firm that provides data on global data centers and the fiber optic networks that connect them. This move adds more specialized data to its energy and infrastructure division.
As big tech firms spend hundreds of billions on AI, the physical data centers that house those chips have become a major asset class. By owning this data, S&P Global makes its subscription services more valuable to the banks and investors who are funding this build-out.
Source: PRNewsWire
Management consistently sets a predictable bar and clears it. Seven beats in the last eight quarters show they have a firm handle on their costs and revenue.
| Expectation | |
|---|---|
| EPS | $4.43 |
| Revenue | $3.63B |