Nexo Attains Type 2 SOC 2 Audit, Affirming Data Security Compliance

3 min read

July 6, 2023 — Nexo, a leading digital assets institution, today marked a significant milestone with the successful completion of its independent Type 2 SOC 2 audit. This step underlines Nexo's commitment to delivering industry-leading client data security and ensures an elevated experience for the rapidly growing international clientele on its 360-degree platform.

The SOC 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cybersecurity risks. The examination consisted of a months-long inspection of Nexo’s processes and affirms that the company’s infrastructure, software, people, data, policies, procedures, and operations have been formally reviewed and meet the most rigorous data privacy and protection laws globally.

Established by the American Institute of Certified Public Accountants (AICPA), the SOC 2 examination is recognized globally and is often viewed as a gold standard compliance indicator in the financial service industry.

"We at Nexo believe that trust isn't merely declared, it's demonstrated, earned over time, and validated by impartial third parties. Thus, as we traverse this digital frontier for more than five years now, we have a fiduciary duty and an unwavering commitment to ensuring the protection of our clients' data on our platform. There is no room for complacency when it comes to the interests of those who place their trust in our hands," said Co-Founder and Managing Partner Antoni Trenchev.

Since its inception in 2018, Nexo has been committed to ensuring transparency for its customers' assets. This ethos drives every decision the company makes and impacts the solutions it offers. From strategic partnerships to becoming the pioneer of real-time attestations in 2021, Nexo is steadfast in its mission to deliver compliant innovation.

Nexo’s infrastructure is held to rigorous standards, including state-of-the-art identity verification technology, 256-bit SSL encryption, and alignment with the CCSS Level 3 and ISO/IEC 27001 standards, among a vast suite of security features. Nexo is honored to uphold this mantle while staying ahead of the evolving skills of potential threats with the latest SOC 2 certification.

"Nexo's successful attainment of SOC 2 attestation is a significant accomplishment, highlighting their unwavering commitment to the security and privacy requirements of their clients," stated A-LIGN's CEO, Scott Price. "Market leaders like Nexo recognize the importance of automation software and experience coming together to produce an efficient, high-quality audit report and streamline the audit process."

A testament to their exceptional work in the field, A-LIGN has been the proud recipient of numerous accolades from the Global InfoSec Awards, one of the most prestigious and coveted cybersecurity awards ceremonies.

About Nexo

Nexo is a leading digital assets institution. Committed to enhancing the value and utility of digital assets, the company offers a comprehensive suite of services including advanced trading solutions, liquidity aggregation from top trading venues, and flexible asset-backed credit lines. In 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Since its inception in 2018, Nexo has processed $130+ billion for 7,000,000+ satisfied users across more than 200 jurisdictions. For more details, visit: nexo.com.

About A-LIGN

A-LIGN is the only end-to-end cybersecurity compliance solutions provider with readiness to report compliance automation software paired with professional audit services, trusted by more than 4,000 global organizations to help mitigate cybersecurity risks. A-LIGN uniquely delivers a single-provider holistic approach as a licensed CPA firm to SOC 1 and SOC 2 Audit services, accredited ISO 27001, ISO 27701 and ISO 22301 Certification Body, HITRUST CSF Assessor firm, accredited FedRAMP 3PAO, authorized CMMC C3PAO, PCI Qualified Security Assessor Company, and PCI SSC registered Secure Software Assessor Company. Working with growing businesses to global enterprises, A-LIGN’s experts and its compliance automation platform, A-SCEND, are transforming the compliance experience. For more information, visit www.A-LIGN.com.

Media Contact for Nexo
Nexo PR Team
[email protected]

Let Your Crypto Work For You

The only cryptocurrency account that lets you borrow instantly in 45+ currencies.

All set. Share only with your best friends!