The largest financial services platform for digital assets in the world, Matrixport, has announced that the SOC 2 Type 1 assessment of its security and data privacy procedures was successfully completed by its institutional custodian service brand, Cactus CustodyTM.
This accreditation demonstrates Matrixport’s dedication to using technical and administrative best practises to protect customer data and digital assets. SOC 2 evaluates the security, availability, confidentiality, processing integrity, and privacy of client data across systems as a crucial industry benchmark for compliance. The audit, carried out by Deloitte Touche Tohmatsu, evaluated Cactus Custody’sTM security measures in compliance with the standards for trust services established by the American Institute of Certified Public Accountants (AICPA).
Matrixport’s COO, Cynthia Wu, said: “We have always operated by respecting the greatest levels of security because we are a certified custodian protecting digital assets for institutional clients. The accomplishment of SOC2 Type 1 accreditation attests to our teams’ commitment to protecting client information and finances. As part of our continued commitment to our clients all around the world, we will carry out this exacting audit every year so that it becomes a routine aspect of our business. In the upcoming months, Cactus Custody will continue to pursue SOC2 Type 2 auditing with Deloitte.”

Source: Prnewswire