Road Town, BVI, 17th March 2022 — Qredo, the decentralized Layer 2 infrastructure for the custody and settlement of digital assets, has secured certification as a Service Organization Control Type 1 organization.
The audit, conducted by Insight Assurance, confirmed that Qredo’s information security practices, policies and procedures adhere to SOC2 Type 1 throughout the business, affirming the company’s position as a trusted service provider implementing industry-leading security standards.
The certification underlines Qredo’s commitment to setting high standards for institutional-grade custody in the cryptocurrency industry, prioritizing the safety and confidentiality of clients’ data and assets.
Josh Goodbody, Qredo Chief Operating Officer, said that the result showed how the company is dedicated to providing a secure network for institutional users to securely hold and transact in the digital assets markets.
“Qredo aims to meet and exceed global standards in information security, and the SOC2 Type 1 certification underscores our progress in that mission,” he said.
“Our decentralized multi-party computation and institutional-grade infrastructure, provides a secure, audited and insured platform for institutional custody and settlement of digital assets. Decentralized infrastructure is at the heart of this mission in raising the bar.”
Qredo is now working towards achieving SOC2 Type 2 certification.
If you would like to know more about Qredo’s institutional crypto custody platform, get in touch with the team.
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.