January 10, 2023 - Qredo is pleased to announce that it has recently passed a System and Organizational Control (SOC) 2 Type II audit for service organizations.

SOC Audit stands for System and Organizational Controls (SOC) byInsight AssuranceConducted, including a three-month review of Qredo's security processes, including an assessment of the design and operational effectiveness of security, availability controls, confidentiality and privacy.

After inspection, Insight Assurance confirmed that Qredo meets or exceeds SOC 2 Class II requirements. This further underscores Qredo's commitment to setting new security standards for institutional-grade digital asset custody.

This inspection, which is now performed annually, requires Qredo to continually demonstrate adherence to the highest security and privacy standards.

Commenting on the certification, Qredo Chief Operating Officer Josh Goodbody said the audit demonstrates Qredo’s commitment to delivering superior digital asset security.

"During a time of turmoil in the crypto market, the SOC 2 audit proved the outstanding strength of Qredo's security practices and controls. We remain committed to providing the most secure, audited and insured platform assets for institutional custody and settlement of digital currencies."

— Josh Goodbody, Qredo COO

To learn more about Qredo's institutional cryptocurrency custody platform,Please contact the team。

About Qredo

Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in the digital asset and decentralized finance space.

Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle Bitcoin, Ethereum and ERC-20 tokens. Assets by Qredo Gen 2.0Decentralized Multi-Party Computation (dMPC)protection, which provides first-tier banking security and institutional-grade governance.

Qredo Chinese page:pr@qredo.com

Original link:https://www.qredo.com/press/qredo-achieves-soc 2-type-2-compliance

Qredo Chinese page:qredo.com/zh-cn