Fireblocks provides an institutional-grade platform for secure transfer of blockchain-based digital assets. On Dec. 19 a press release by the firm stated that Fireblocks received the Service Organization Control (SOC) 2 Type II certification performed by EY.
Strict Security And Data Protection Laws
Fireblocks is now recognized as a company providing technology and services that meet existing strict security and data protection laws worldwide followed by multiple EY inspections, which reportedly took more than six months.
The firm claimed that Fireblocks’ customers can be sure that their data is protected and compliant with their company controls, policies and regulatory requirement. The new certification will purportedly allow Fireblocks to attract more financial players as Fireblocks has already entered talks with Wall Street firms.
Michael Shaulov, CEO and co-founder of Fireblocks emphasized the company was examined by a third party to prove that Fireblocks stands “above and beyond the highest industry standard.”
The SOC report will be tracked on an annual basis to ensure that the platform is operating in compliance with guidelines that span technology architecture, development and other operations.