Nexo Strengthens Its Stance on Security and Transparency with CSA STAR Level 1 Certification

3 min read

SEPTEMBER 20, 2023 – Nexo, the leading institution for digital assets, is advancing in cloud infrastructure security with the attainment of the Cloud Security Alliance’s Security, Trust & Assurance Registry (STAR) Level 1 Certification. Following the recent successful completion of the prestigious SOC 2 Type 2 audit and the 2019 ISO 27 001 standardization, this third-party validation elevates Nexo in the digital assets sector with a distinguished focus on client data security and transparent practices.

CSA’s STAR certification, adopted by tech giants like AWS, Google Maps, and VMWare among others, represents a rigorous, 261-question self-assessment process, followed by a third-party validation through the CSA Cloud Controls Matrix (CCM), to underscore and validate a company’s security measures.

During the verification, which is now publicly available, Nexo demonstrated its stringent security measures and protocols in absolute alignment with the highest CSA guidelines, shedding further light on the protections in place for customer data and operations. By completing the CSA STAR Level 1 and transparently sharing all safety measures in place, Nexo aims to highlight its utmost dedication to security, compliance, and transparency.

“As a company utilizing cloud services, we are determined to uphold the highest security standards in safeguarding client data with robust, yet transparent frameworks. Just as we work tirelessly to deliver innovative practical solutions, the same dedication goes towards investing in our security infrastructure”, stated Nexo Co-Founder and Managing Partner Antoni Trenchev.

"CSA STAR proudly acknowledges Nexo's participation in the STAR program and achievement in attaining the Level 1 Certificate. We are fueled with optimism when leading companies in the digital assets sector display commitment and undertake their responsibility towards cloud service security and transparency. As CSA continues to align the best practices in cloud security, we commend Nexo on their engagement with CSA’s STAR registry and journey towards customer security,” said Jim Reavis, CEO and co-founder, Cloud Security Alliance.

Nexo's relentless dedication to security, compliance, and transparency has seen our company build a stringent security measures infrastructure that adheres to the most demanding frameworks and standards. This commitment to safeguarding our clients’ personal data and assets is what inspires us to constantly reach above and beyond in instilling confidence and trust in our clients. The company’s ambitions are set equally high for our journey towards total security and transparency to continue with more partnerships and independent, authoritative third-party validations on our work.

About Nexo

Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 6,000,000+ satisfied users across more than 200 jurisdictions.

For more information, visit nexo.com.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem.

For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

Media Contacts for Nexo

Nexo PR Team

[email protected]

Media Contacts for Cloud Security Alliance

Kristina Rundquist

[email protected]

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