Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
Nexo, the premier institution for digital assets, has once again demonstrated its unwavering commitment to data security. The company has successfully renewed its SOC 2 Type 2 audit and achieved a new SOC 3 Type 2 assessment with no exceptions, while also expanding the audit scope to include additional Trust Service Criteria – Confidentiality. These accomplishments underscore Nexo’s dedication to safeguarding the privacy of sensitive user information, emphasizing that data protection is integral to the company’s mission.
The SOC 2 Type 2 audit and SOC 3 report were conducted by A-LIGN, an independent auditor with 20 years of experience and a trusted leader in security compliance audits. The examination validated the stringent Trust Service Criteria of Security and Confidentiality, confirming that Nexo’s systems adhere flawlessly to the SOC 2 framework standards, with no exceptions noted.
This achievement builds on the success of Nexo’s first SOC 2 Type 2 audit, which was shared a year ago. These reports reflect how the company meticulously safeguards customer data. SOC 2 is an auditing standard maintained by the American Institute of Certified Public Accountants (AICPA), designed to test an organization’s internal controls for security and privacy. For more detailed information on what SOC 2 and SOC 3 mean for client data security, visit Nexo’s blog.
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.”
Nexo Sets New Benchmark
Nexo boasts a substantial track record of operational integrity. The platform adheres to the CCSS Level 3 Cryptocurrency Security Standard for asset storage and holds the renowned ISO 27001, ISO 27017, and ISO 27018 certifications, granted by RINA. Additionally, Nexo has achieved the CSA Security, Trust & Assurance Registry (STAR) Level 1 Certification.
As the world’s leading digital assets institution, Nexo is 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.
By renewing its SOC 2 Type 2 audit and achieving the SOC 3 Type 2 assessment, Nexo continues to set the standard for data security in the digital assets industry, providing its users with the highest level of confidence in the protection of their data.
