In a significant display of its commitment to enterprise-level security and compliance practices, Nexo, a digital asset wealth platform, has successfully completed its SOC 2 Type 2 and SOC 3 Type 2 audits for the third consecutive year. These audits, carried out by the reputable cybersecurity firm A-Lign, validate that Nexo continues to uphold the stringent standards of the AICPA’s Trust Services Criteria, specifically in the areas of Security, Confidentiality, and Privacy. This accomplishment serves as a clear indication to institutional clients, enterprise partners, and users that Nexo’s internal systems and data protection measures are among the most advanced in the industry.
“Security and trust are not just words we throw around— they are the very foundation of our infrastructure,” stated the Nexo team in a blog post. “By obtaining SOC certifications for three consecutive years, we are demonstrating that transparency and operational excellence are ongoing commitments for us, not just one-time achievements.”
Why It’s Important
SOC 2 and SOC 3 Type 2 audits are widely recognized as benchmarks for data security. In the increasingly regulated landscape of cryptocurrency platforms, consistently passing these audits provides Nexo with a competitive advantage and is essential for gaining institutional acceptance. This milestone further solidifies Nexo’s standing as a trustworthy and compliant partner in an industry where trust is paramount.
Inside Nexo’s Growth
Since its establishment in 2018, Nexo has facilitated over $320 billion in transactions and currently manages $11 billion in assets under management across more than 150 jurisdictions. The platform offers a comprehensive range of services, including:
- High-yield crypto savings accounts
- Crypto-backed lending
- Spot and margin trading
- Dual-mode credit and debit payment card
For further information on the audit and Nexo’s security framework, you can access the complete announcement here.