In a large nod to its enterprise-grade security and compliance practices, Digital Asset Wealth Platform Nexo has its SOC 2 Type 2 and SOC 3 Type 2 audits for the third year in a row officially completed.
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These independent audits, carried out by leading cyber security company A-Lign, confirm that NEXO remains full to the rigorous standards of the Aicpa’s Trust Services-Across the most important pillars of safety, confidentiality and privacy. The performance sends a strong signal to institutional customers, enterprise partners and users that the internal systems and data guarantees of NEXO are among the most advanced in the industry.
“Security and trust are not marketing fashion words – they are the basis of our infrastructure,” said the Nexo team in a blog post. “With three consecutive years of soc certifications, we prove that transparency and operational excellence are continuous obligations, not one-off milestones.”
Why it matters
SOC 2 and SOC 3 Type 2 -audits are generally considered as golden standards in data protection. For crypto platforms that are active in an increasingly regulated environment, it is consistent a competitive advantage and a condition for institutional acceptance. With this milestone Nexo solidifies its position as a reliable, conforming partner in a space where trust is of the utmost importance.
In the growth of Nexo
Since its foundation in 2018, NEXO has processed more than $ 320 billion in transactions and is currently managing $ 11 billion in assets in control in 150+ jurisdictions. The platform offers a full series of services, including:
High-Yield Crypto Savings accounts
Crypto-supported loans
Spot and margin trade
Dual-Mode Credit and Payment Payment Card
For more information about the security infrastructure of the audit and NEXO, you can read the full announcement here:
🔗 nexo.com/blog/nexo completes-third-consecutive-SOC-2-SOC-3-Audits