The Palo Alto-based crypto custody provider BitGo has achieved a service organization control (SOC) 2 Type 2 certification from a leading audit firm, the company announced in a press release. According to the report, the company’s high level of design and implemented controls around its security warrant the highest certification, which judges a company's risk management strategy, its data protection controls, and its attention to compliance. Last year, BitGo received a SOC 2 Type 1 report from Deloitte & Touche LLP after a year of scrutiny. The most recent audit suggests the company is following the controls outlined in the SOC 2 Type 1 report.
“Building confidence in the cryptocurrency marketplace means having the highest level of controls and processes in place to attract and expand institutional investment,” said BitGo's CSO, Tom Pageler. “Receiving this independent validation from a leading auditor assures existing and prospective clients that we are robustly safeguarding their assets and personal data.”