We are delighted to announce that Binance Custody has completed our SOC 2 Type 1 and SOC 2 Type 2 attestations. Their completion demonstrates our commitment to information security and privacy protection by closing the year with an array of security examinations. These also include our ISO 27001 and ISO 27701 certifications and an external penetration test recently conducted on our platform.
The SOC 2 Type 2 report has been verified by an independent auditor and takes a step further in assessing an organization’s internal controls. The report achieves this by evaluating how effective those controls are at maintaining our platform’s security and safeguarding client data over an extended period.
“Since launching our services, our priority has been to build a custody platform that institutions can entrust with the security of their assets and data,” shares Athena Yu, VP of Binance Custody. “Receiving this SOC 2 Type 2 attestation affirms this priority, and we will continue to provide and maintain the highest level of security and operational compliance for our clients.”
Moving forward, Binance Custody will undergo these security and risk management examinations annually. The team will uphold these standards and ensure institutions can continue participating safely in the digital asset economy by storing and managing their assets with our institutional-grade custody infrastructure.