As a seasoned researcher who has followed the evolving landscape of digital assets for quite some time now, I find myself increasingly impressed by the commitment to security and compliance demonstrated by players like Cactus Custody. The recent completion of their SOC 2 Type II audit by Deloitte is yet another testament to their dedication to upholding global standards in this rapidly growing industry.
The cryptocurrency custody service provider, Cactus Custody, has successfully undergone a SOC 2 Type II audit conducted by Deloitte to ensure adherence to security regulations throughout the Asia-Pacific region.
In simpler terms, the Asian cryptocurrency custodian, Cactus Custody (founded by Jihan Wu), has successfully completed an assessment for Security and Operations Control 2 Type II compliance, overseen by Deloitte. This step was taken to align with international security standards, as mentioned in a press release they issued on October 28.
Wendy Jiang, the manager of Cactus Custody, commended the attestation and stated it underscores their dedication to safeguarding client resources while also bolstering confidence in them as a dependable ally for digital asset storage. To add, the custodian oversees billions worth of assets for more than 300 institutions, functioning under the umbrella of a trust company based in Hong Kong.
This audit shows that we can adhere to international security norms. It gives confidence to our clients, not just those in the Asia-Pacific region, but worldwide, knowing that their digital properties are being handled according to top industry standards and legal requirements.
Cactus Custody
A SOC 2 Type II audit is designed to examine an organization’s operational efficiency over a span of time, typically six months. It scrutinizes the controls concerning data security, accessibility, data processing accuracy, confidentiality, and privacy. Unlike the SOC 2 Type I audit that focuses on a particular moment in time, the Type II audit provides assurance for consistent performance across an extended period.
Established in the year 2019 by experienced figures in the crypto field, Jihan Wu and John Ge, Cactus Custody functions as a branch of Matrixport. It specializes in providing safekeeping services for digital assets that span over 30 different blockchains. Notably, this company has garnered support from notable venture capital investors such as Polychain, K3 Ventures, and Lightspeed.
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
- Neil Gaiman’s Ex-Wife Amanda Palmer on Sexual Assault and Human Trafficking Claims: “I Deny the Allegations”
- 😂🚀 Cryptocurrency Shenanigans: Pepe Coin’s Wild Ride & Yeti Ouro’s Rise 🏔️💰
- Buffy the Vampire Slayer Reboot: Sarah Michelle Gellar Returns to Save the Day!
- XLARGE Celebrates Lil Wayne With New Collection
- MIKE Keeps It Real on ‘Showbiz!’
- Deva: Shahid Kapoor and Pooja Hegde’s lip-lock scene gets trimmed by CBFC? Film’s runtime and rating revealed
2024-10-28 12:05