Nexo, the leading digital assets institution, announced a major milestone today as it successfully completed an independent Type 2 SOC 2 audit. The achievement showcases Nexo’s dedication to providing exceptional client data security and solidifies its position as the preferred platform for its rapidly expanding global clientele.
The comprehensive SOC 2 audit was conducted by A-LIGN, a trusted technology-enabled security and compliance partner that assists over 2,500 organizations worldwide in mitigating cybersecurity risks. The thorough examination involved an extensive assessment of Nexo’s processes, ensuring that the company’s infrastructure, software, personnel, data, policies, procedures, and operations align with the most stringent global data privacy and protection laws.
The SOC 2 examination, established by the American Institute of Certified Public Accountants (AICPA), is internationally recognized as a gold standard compliance indicator within the financial services industry.
Antoni Trenchev, Co-Founder and Managing Partner of Nexo emphasized the company’s unwavering commitment to earning and maintaining the trust of its clients through tangible actions.
“We believe that trust isn’t simply claimed; it must be demonstrated over time and verified by impartial third parties. Security cannot be an empty promise; it must be substantiated. For over five years, as we navigate the digital frontier, we have a fiduciary duty to safeguard our client’s data and assets on our platform. There is no room for complacency when it comes to protecting the interests of those who place their trust in our hands,” stated Trenchev.
Nexo has consistently prioritized security and transparency since its establishment in 2018. This commitment influences every decision the company makes and influences the range of services it provides. From strategic partnerships with leading custody authorities to being the pioneer of real-time attestations in 2021, Nexo remains steadfast in its mission to deliver compliant and secure innovation.
Nexo’s security infrastructure adheres to the same rigorous standards as traditional financial institutions and encompasses cutting-edge identity verification technology, 256-bit SSL encryption, and compliance with CCSS Level 3 and ISO/IEC 27001 standards, among a comprehensive suite of security features. By achieving the latest SOC 2 certification, Nexo not only maintains these high standards but also stays ahead of evolving threats.
Scott Price, CEO of A-LIGN, commended Nexo’s achievement, recognizing its dedication to meeting the security and privacy requirements of its clients. Price highlighted the importance of combining automation software and experience to streamline the audit process and produce efficient, high-quality reports. A-LIGN has earned numerous accolades from the prestigious Global InfoSec Awards, further validating its expertise in the cybersecurity field.
