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Copy file name to clipboardExpand all lines: content/impact/contracts-for-financial-institutions.mdx
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## Battle Tested Contracts
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Every OpenZeppelin library represents over a decade of security expertise, community validation, and production use. Built to mitigate risk across the full contract lifecycle, these libraries power the world’s most trusted tokens, protocols, and financial systems.
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Every OpenZeppelin library represents over a decade of security expertise, community validation, and production use.
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title: The Future of OpenZeppelin Contracts
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The next decade of on-chain innovation will bring regulated finance, privacy-preserving systems, and programmable capital to the same foundation. Building on a [decade of trust](/impact/contracts-journey), OpenZeppelin is extending its libraries and standards to power this evolution, ensuring security, compliance, and interoperability remain built-in at every layer.
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The next decade of on-chain innovation will bring regulated finance, privacy-preserving systems, and programmable capital to the same foundation. Building on a [decade of trust](/impact/contracts-impact), OpenZeppelin is extending its libraries and standards to power this evolution, ensuring security, compliance, and interoperability remain built-in at every layer.
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title: The Journey of OpenZeppelin Contracts
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title: The Impact of OpenZeppelin Contracts
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For over ten years, OpenZeppelin Contracts has been the trusted foundation for the global smart contract ecosystem. What began as a pioneering open-source library has become the industry standard for secure, upgradeable, and interoperable on-chain systems.
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For over ten years, OpenZeppelin Contracts has been the trusted foundation for the on-chain economy.
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Used by the world’s leading financial institutions, DeFi protocols, and blockchain networks, OpenZeppelin Contracts secures trillions in value and underpins the majority of deployments across networks. Our libraries remain the most widely adopted and continuously audited smart contract framework in the world.
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Built and maintained by OpenZeppelin’s global engineering and security teams, the library embodies open collaboration, verifiable trust, and long-term reliability. Every line of code is battle-tested in production, reviewed by industry experts, and designed to evolve alongside emerging standards and regulatory frameworks.
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## Expanding Ecosystem Coverage
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## Broad Ecosystem Coverage
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OpenZeppelin Contracts powers secure smart contract development across the leading blockchain ecosystems and continues to be selected to develop contracts libraries for emerging ecosystems.
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## Proven Adoption
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OpenZeppelin is the global leader in securing blockchain applications and smart contracts. OpenZeppelin Contracts are powering the world’s leading financial institutions, DeFi protocols, and blockchain networks.
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### On-Chain Usage and Economic Impact
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OpenZeppelin Contracts is the most deployed and economically significant smart contract framework in the EVM ecosystem. Explore our [Dune Data Dashboard](https://dune.com/openzeppelin/openzeppelin-contracts-metrics) for more data.
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### Adopted by the Industry’s Most Trusted Protocols
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From startups to global issuers, OpenZeppelin Contracts are the common foundation of trust in smart contract development. Across every category of on-chain innovation, builders rely on OpenZeppelin’s audited and production-proven libraries to launch, secure, and scale with confidence.
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Used by the world’s leading financial institutions, DeFi protocols, and blockchain networks, OpenZeppelin Contracts secures trillions in value and remains the most widely adopted smart contract framework in the world.
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<Cards>
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<Cardtitle="Major Defi and Infrastructure Protocols">
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### The Industry’s Developer Standard
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Developers have built on OpenZeppelin Contracts as the foundation of secure, interoperable smart contract systems. With a transparent, community-driven codebase, OpenZeppelin has become the benchmark for how modern smart contracts are written, tested, and maintained.
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OpenZeppelin has become the benchmark for how modern smart contracts are written, tested, and maintained.
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<Cards>
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<Cardtitle="590,000+">
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</Card>
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</Cards>
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## Standards Contributions
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OpenZeppelin has helped drive standardization in the industry by authoring standards across ecosystems.
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### Ethereum
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-**ERC-1271: Standard Signature Validation Method for Contracts**: A [standard](https://eips.ethereum.org/EIPS/eip-1271) to verify a signature when the account is a smart contract. OpenZeppelin co-authored the standard and built contracts libraries in the [OpenZeppelin Solidity Contracts Repo](https://github.com/OpenZeppelin/openzeppelin-contracts/blob/master/contracts/interfaces/IERC1271.sol).
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-**ERC-1967: Proxy Storage Slots**: A [standard](https://eips.ethereum.org/EIPS/eip-1967) for defining a consistent location where proxies store the address of the logic contract they delegate to, as well as other proxy-specific information. OpenZeppelin authored the standard and built contracts libraries in the [OpenZeppelin Solidity Contracts Repo](https://github.com/OpenZeppelin/openzeppelin-contracts/tree/master/contracts/proxy/ERC1967).
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-**ERC-2771: Secure Protocol for Native Meta Transactions**: A [standard](https://eips.ethereum.org/EIPS/eip-2771) for a contract interface for receiving meta transactions through a trusted forwarder. OpenZeppelin co-authored the standard and built contracts libraries in the [OpenZeppelin Solidity Contracts Repo](https://github.com/OpenZeppelin/openzeppelin-contracts/tree/master/contracts/metatx).
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### Starknet
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-**SNIP-6: Standard Interface Detection**: A [standard](https://github.com/starknet-io/SNIPs/blob/main/SNIPS/snip-5.md) for a standard method to publish and detect what interfaces a smart contract implements. OpenZeppelin co-authored the standard and built contracts libraries in the [OpenZeppelin Starknet Cairo Contracts Repo](https://github.com/OpenZeppelin/cairo-contracts/tree/main/packages/introspection).
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-**SNIP-12: Off-Chain Signatures**: A [standard](https://github.com/starknet-io/SNIPs/blob/main/SNIPS/snip-12.md) for hashing and signing typed structured data as opposed to just hexadecimal (or felt) values in Starknet. OpenZeppelin provided feedback on the standard and built contracts libraries in the [OpenZeppelin Starknet Cairo Contracts Repo](https://github.com/OpenZeppelin/cairo-contracts/blob/main/packages/utils/src/cryptography/snip12.cairo).
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### Stellar
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-**SEP-0049: Upgradeable Contracts**: A [standard](https://github.com/stellar/stellar-protocol/blob/master/ecosystem/sep-0049.md) that provides community guidelines and recommendations for safely upgrading the WASM bytecode of Soroban smart contracts. OpenZeppelin authored that standard and built contracts libraries in the [OpenZeppelin Stellar Soroban Contracts Repo](https://github.com/OpenZeppelin/stellar-contracts/tree/main/packages/contract-utils/src/upgradeable).
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-**SEP-0050: Non-Fungible Tokens**: A [standard](https://github.com/stellar/stellar-protocol/blob/master/ecosystem/sep-0050.md) that defines a standard contract interface for non-fungible tokens. OpenZeppelin authored that standard and built contracts libraries in the [OpenZeppelin Stellar Soroban Contracts Repo](https://github.com/OpenZeppelin/stellar-contracts/tree/main/packages/tokens/src/non_fungible).
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## Battle Tested Libraries
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Every OpenZeppelin library represents over a decade of security expertise, community validation, and real-world production use. Built to mitigate risk across the full contract lifecycle, these libraries power the world’s most trusted protocols, tokens, and financial systems.
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title: OpenZeppelin's Impact and Contributions
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For over a decade, OpenZeppelin has set the foundation for how smart contracts are built, secured, and governed.
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For over a decade, OpenZeppelin has set the foundation for how smart contracts are builtand secured.
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Our libraries, standards contributions, and audits power the protocols, ecosystems, and institutions driving the global digital economy.
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Our libraries, standards contributions, tooling, and security services power the protocols, layer 1s and layer 2s, and financial institutions driving the on-chain economy.
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## Contracts
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OpenZeppelin Contracts is the most adopted smart contract framework in the world, securing trillions in on-chain value.
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From leading stablecoins and tokenized treasuries to emerging ecosystems, our open-source libraries power the world’s most trusted tokens, DAOs, protocols, and institutions.
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From leading stablecoins and tokenized treasuries to emerging ecosystems, our open-source libraries power the world’s most trusted tokens, DAOs, protocols, and financial institutions.
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<Cards>
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<Cardtitle="The Journey of OpenZeppelin Contracts"href="/impact/contracts-journey"description="For over ten years, OpenZeppelin Contracts has been the trusted foundation for the global smart contract ecosystem">
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<Cardtitle="The Impact of OpenZeppelin Contracts"href="/impact/contracts-impact"description="For over ten years, OpenZeppelin Contracts has been the trusted foundation for the global smart contract ecosystem">
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</Card>
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<Cardtitle="Powering Top Financial Institutions"href="/impact/contracts-for-financial-institutions"description="The trusted foundation powering the global digital asset economy and securing billions in value">
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</Card>
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<Cardtitle="The Future of OpenZeppelin Contracts"href="/impact/contracts-future"description="Advancing privacy, chain abstraction, tokenziation & real world assets, and scalability">
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<Cardtitle="The Future of OpenZeppelin Contracts"href="/impact/contracts-future"description="Advancing privacy, chain abstraction, and tokenziation and real world assets">
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</Card>
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</Cards>
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## Security
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OpenZeppelin actively works with established standards bodies around the globe to ensure that blockchain security best practices are universally adopted.
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<Cardtitle="Advancing Security Standards"href="/impact/security-standards"description="Contributor to Internet Engineering Task Force (IETF), International Organization for Standardization (ISO), Ethereum Enterprise Alliance (EEA) EthTrust Security">
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</Card>
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## Policy
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OpenZeppelin engages with regulators and policymakers globally to provide industry expertise and recommendations regarding relevant legislation, regulations and guidance. Our goal is to strengthen public trust in decentralized technologies by ensuring blockchain security best practices are reflected in policy initiatives in key jurisdictions and the unique nature of the technology is respected.
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<Cardtitle="Regulatory and Compliance Solutions" />
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