The successful conclusion of its independent Type 2 SOC 2 audit today represented a key milestone for Nexo, the leading institution for digital assets worldwide. With this move, Nexo demonstrates its dedication to providing clients with industry-leading client data protection and guarantees a superior user experience for the company’s continuously expanding global clientele on its 360-degree platform.
Leading compliance assessor A-LIGN, a technology-enabled security and compliance partner relied upon by more than 2,500 international organizations to help reduce cybersecurity risks, carried out the SOC 2 assessment. The assessment included a months-long investigation of Nexo’s activities, and it confirms that the organization’s operations, infrastructure, software, personnel, and data have all been properly examined and comply with the most stringent data privacy and protection regulations in the world.
The SOC 2 test, which was created by the American Institute of Certified Public Accountants (AICPA), is respected across the world and is often used as a benchmark for measuring compliance in the financial services sector.
“We at Nexo believe that trust isn’t merely declared, it’s demonstrated, earned over time, and validated by impartial third parties. Security cannot be a mere claim; it must be substantiated. Thus, as we traverse this digital frontier for more than five years now, we have a fiduciary duty and an unwavering commitment to ensuring the protection of our clients’ data and their holdings on our platform. There is no room for complacency when it comes to safeguarding the assets and interests of those who place their trust in our hands,” said Co-Founder and Managing Partner Antoni Trenchev.
Nexo has made a commitment to provide the greatest degree of security and transparency for the assets of its clients ever since its founding in 2018. Every choice the business makes is guided by this mindset, which also affects the services it provides. Nexo is unwavering in its commitment to offer safe and compliant innovation, from strategically working with the top authorities in custody to being the forerunner of real-time attestations in 2021.
A huge array of security measures, including cutting-edge identity verification technology, 256-bit SSL encryption, and compliance with the CCSS Level 3 and ISO/IEC 27001 standards, are all part of Nexo’s security architecture, which is held to the same stringent standards as conventional banking organizations. Nexo is proud to carry this torch while keeping up with possible attackers’ developing abilities with the most recent SOC 2 certification.
“Nexo’s successful attainment of SOC 2 attestation is a significant accomplishment, highlighting their unwavering commitment to the security and privacy requirements of their clients,” stated A-LIGN’s CEO, Scott Price. “Market leaders like Nexo recognize the importance of automation software and experience coming together to produce an efficient, high-quality audit report and streamline the audit process.”
A-LIGN has received multiple honors from the Global InfoSec Awards, one of the most renowned and sought-after cybersecurity award events, as a tribute to its outstanding efforts in the industry.