PR Newswire
12 Dec 2022, 07:30 GMT+10
SOC 2 Type 1 validates the strength of Cactus Custody's cybersecurity control and design
SINGAPORE, Dec. 12, 2022 /PRNewswire/ -- Matrixport, one of the world's largest digital assets financial services platform, has announced that its institutional custodian service brand, Cactus Custody, has successfully completed the SOC (System and Organization Controls) 2 Type 1 audit of its security and data privacy practices.
This certification reflects Matrixport's commitment to technical and operational best practices in safeguarding customer data and digital assets. As a key industry standard for compliance, SOC 2 examines the security, availability, confidentiality, processing integrity, and privacy of customer data across solutions. Conducted by Deloitte Touche Tohmatsu, the audit included an evaluation of Cactus Custody's security controls in accordance with the trust services criteria set by the American Institute of Certified Public Accountants (AICPA).
Cynthia Wu, COO of Matrixport, said, "As a qualified custodian safeguarding digital assets for institutional clients, we have always managed our operations by upholding the highest standards of security. The completion of SOC2 Type 1 certification validates our teams' dedication in safeguarding customer data and funds. We will undertake this stringent audit annually, such that it becomes part of our routine operations, as an ongoing commitment to our clients worldwide. Cactus Custody will also continue to pursue SOC2 Type 2 audit with Deloitte in the coming months"
First introduced in July 2019, Cactus Custody is the institutional custodian service provided by Matrixport, which serves nearly 200 institutional clients, including miners, funds, corporates, foundations and projects. Built with a "security-first" approach for digital assets, Cactus Custody is a Hong Kong Trust Company that meets the capital reserve requirement and acts within regulatory and AML guidelines. Cactus Custody offers comprehensive enterprise crypto management features, internal control mechanism, unparalleled DeFi connectivity and various value-added financial services.
About Matrixport
Matrixport is one of the world's largest and most trusted digital assets financial services ecosystem. Matrixport achieved pre-money unicorn valuation in 2021 and, with its relentless focus on product innovation, was named by CB Insights as the 50 most promising blockchain companies in the world in 2022. Matrixport offers the industry's most comprehensive suite of market-leading crypto investment products. Its digital prime brokerage business, Matrixport Institutional, serves over 800 institutions across the US, Europe and Asia, offering best-in-class access, leverage, capital Introduction and custody services.
For more information, visit www.matrixport.com and https://www.mycactus.com/en.
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Taipei [Taiwan], July 9 (ANI): In June, Taiwan's exports reached a new monthly high of USD 53.32 billion, marking the 20th consecutive...
The delay adds yet another twist to Trump's original 90 deals in 90 days promise -- so far yielding only two vague trade agreements...
Pallekele [Sri Lanka], July 9 (ANI): Sri Lanka batter Kusal Mendis slammed his sixth ODI hundred, which guided the hosts to a comfortable...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...