At Polymath, security and compliance are at the core of everything we do. Today, we’re excited to announce that we have successfully completed our SOC 2 Type 1 audit, reinforcing our commitment to safeguarding the data and assets of our users.
SOC 2 (Service Organization Control 2) is an industry-standard framework developed by the American Institute of Certified Public Accountants (AICPA) to evaluate an organization’s security, availability, processing integrity, confidentiality, and privacy controls.
Achieving SOC 2 Type 1 means that an independent auditor has thoroughly assessed our security controls and verified that they are designed and implemented effectively as of a specific point in time. This is a major step in our ongoing efforts to uphold the highest standards of security and compliance in the blockchain space.
Security and trust are paramount in the world of financial services and tokenization. As institutions, asset owners, and investors embrace blockchain technology, they need confidence that platforms like Polymath provide robust security and compliance measures to protect their sensitive information and assets. Our SOC 2 Type 1 achievement affirms that we have the necessary controls in place to safeguard user data and maintain the integrity of our platform.
This is just the beginning. Polymath is committed to ongoing improvements in security and compliance. We are actively working towards SOC 2 Type 2 certification, which will evaluate the operational effectiveness of our controls over a longer period.
Our mission is to build the most secure and compliant infrastructure for digital assets. SOC 2 Type 1 compliance is a testament to that commitment. As we move forward, we will continue to set new standards for security and trust in the tokenization industry.