10th January 2023 — Qredo is pleased to announce that it has recently passed its Service Organization Controls (SOC) 2 Type II audit.
The SOC audit, which stands for System and Organization Controls (SOC), was conducted by Insight Assurance, and consisted of a three-month-long inspection of Qredo security processes, including evaluation of the design and operating effectiveness of controls for security, availability, confidentiality, and privacy.
Following the inspection, Insight Assurance confirmed that Qredo meets or exceeds SOC 2 Type II requirements. This further underscores Qredo’s commitment to setting a new standard of security for institutional-grade digital asset custody.
This inspection will now be conducted annually, requiring Qredo to continually demonstrate adherence to the highest standards of security and privacy.
Commenting on the certification, Qredo Chief Operating Officer Josh Goodbody said the audit demonstrates Qredo's commitment to providing superior digital asset security.
"At a time of great turmoil in crypto markets, passing the SOC2 type 2 audit speaks to the standout strength of Qredo's security practices and controls. We are glad to bring this to market, and remain committed to providing the most secure audited and insured platform for the institutional custody and settlement of digital assets."
— Josh Goodbody, Qredo COO
Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance.
Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle bitcoin, Ethereum, and ERC-20 tokens. Assets are secured by Qredo’s Gen 2.0 decentralized Multi-Party Computation (dMPC), which provides tier-1 bank security and institutional-grade governance.
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