PALO ALTO, Calif.--(BUSINESS WIRE)--BitGo, Inc., the market leader in institutional-grade cryptocurrency security, today announced that the company has completed a Service Organization Control 2℠ (SOC 2) examination resulting in a report from Deloitte stating that BitGo has designed and implemented controls over its multi-signature wallet services.
A SOC 2 report is designed to meet the needs of existing or potential clients who need assurances about the effectiveness of controls in place at a service organization that are relevant to the security, availability, or processing integrity of the system used by the service organization to process clients’ information, or the confidentiality or privacy of that information.
“We are proud that our SOC 2 report has shown that we have the appropriate controls in place to mitigate security risks,” said Tom Pageler, Chief Security Officer of BitGo. “This audit provides an independent assurance to clients globally that BitGo’s robust systems and processes satisfy the SOC 2 standards. We believe BitGo’s completion of the SOC 2 report is an important milestone for the industry and helps pave the way for institutional investors to enter the market.”
A copy of this certification is available to existing and prospective customers upon request.
BitGo, Inc. is the market leader in institutional-grade investment services, providing institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world's largest processor of on-chain bitcoin transactions, processing 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has a customer base that includes the world's largest cryptocurrency exchanges and spans more than 50 countries. BitGo is headquartered in Palo Alto, California, and has offices in New York, London, Singapore, and Tokyo. For additional information, please visit www.BitGo.com.