Scalable Solutions, a blockchain technology company specializing in digital asset white-label exchange software, has received its system and organization controls 2 (SOC 2) certification and is ready to cater to highly regulated institutions.
SOC 2 is an auditing procedure developed by the American Institute of Certified Public Accountants that ensures service providers manage data securely to protect the interests of organizations and the privacy of their clients. It does so by defining criteria for managing customer data based on five “trust service principles” — security, availability, processing integrity, confidentiality and privacy.
The audit and certification are especially important for companies that outsource key business services to other enterprises, including software-as-a-service companies, such as Scalable Solutions. Scalable Solutions is a global blockchain technology infrastructure and software provider. The team has developed an institutional-grade trading software that serves as a business-to-business solution for exchanges and brokers to the millions of users of the most well-known and trusted trading platforms in the space, with the white-label platform having processed orders worth over $2 trillion.
Security, both against hacks and data breaches, is one of the key advantages that Scalable Solutions offers. Besides white-label exchanges, the company also provides software for cryptocurrency wallets, security audits, blockchain development and hardware technology.
Scalable Solutions’ SOC 2-certified software is already being used by regulated trading venues, for which having the required certifications in place is a prerequisite for successful and legal business operations.
Highly regulated financial institutions that want to set up their own digital asset exchange or other blockchain services can find out more about Scalable Solutions’ SOC 2 certification and services by contacting the team here or emailing [email protected].