Hassan Maishera
Nexo, the leading institution for digital assets, announced on Thursday, July 25th, that it has renewed its SOC 2 Type 2 audit and passed a new SOC 3 Type 2 assessment with no exceptions.
In a press release shared with Cryptowisser, Nexo said it took these steps to reaffirm its dedication to data security. Nexo also increased the audit scope by assessing additional Trust Service Criteria – Confidentiality.
The company’s SOC 2 Type 2 audit and SOC 3 report were performed by A-LIGN – an independent auditor and trusted leader in security compliance audits with two decades of experience.
The reports show how Nexo protects consumer data. Nexo explained that SOC 2 is an auditing standard maintained by the American Institute of Certified Public Accountants (AICPA) to test an organization’s internal controls for security and privacy.
While commenting on this latest development, Milan Velev, Chief Information Security Officer at Nexo, said,
"Completing the gold standard in client data protection for the second consecutive year brings me great pride and a profound sense of responsibility. It is crucial for Nexo customers to have compliance peace of mind, knowing that we diligently adhere to security regulations and remain committed to annual SOC audits. These assessments provide further confidence that Nexo is their partner in the digital assets sector.”
In terms of consumer security, Nexo is one of the leading companies in the Web3 ecosystem. The company boasts the CCSS Level 3 Cryptocurrency Security Standard regarding asset storage, the renowned ISO 27001, ISO 27017, and ISO 27018 certifications, granted by RINA, and the CSA Security, Trust & Assurance Registry (STAR) Level 1 Certification.
Nexo is a leading digital assets institution, dedicated to maximizing the value and utility of digital assets through a comprehensive suite of products, including advanced trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. Since its inception, Nexo has processed over $130 billion for more than 7,000,000 satisfied users across more than 200 jurisdictions.
