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The Cryptonomics™ > Bitcoin > Kraken completes SOC 2 Sort 2 compliance report, underscoring dedication to institutional safety
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Kraken completes SOC 2 Sort 2 compliance report, underscoring dedication to institutional safety

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Last updated: June 8, 2025 4:53 pm
admin Published June 8, 2025
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Kraken completes SOC 2 Sort 2 compliance report, underscoring dedication to institutional safety


Contents
What SOC 2 Sort 2 is and why it issuesWhat this implies for our shoppers:A step ahead, with extra to return

Constructing and sustaining a excessive bar for safety and compliance is key to how we serve our shoppers’ wants. Right now, we’re happy to announce that Kraken’s institutional-grade certified custody providing has efficiently accomplished the SOC 2 Sort 2 compliance examination — a major milestone that additional reinforces our longstanding dedication to defending our institutional shopper’s belongings and information. 

What SOC 2 Sort 2 is and why it issues

SOC 2 (System and Group Controls 2) is an internationally acknowledged framework developed by the American Institute of CPAs (AICPA) for managing buyer information based mostly on 5 “belief service rules”: safety, availability, processing integrity, confidentiality and privateness. 

Efficiently finishing the SOC 2 Sort 2 examination, constructing on Kraken’s prior SOC 2 Sort 1 report, demonstrates not solely the rigorous design of our safety controls, but additionally their constant execution and effectiveness over time. This impartial, third-party validation builds on our present safety foundations and displays an ongoing dedication to strengthening inner processes and technical infrastructure. These have been stress-tested to fulfill the best {industry} requirements for system reliability and the safety of delicate information.

“Finishing the SOC 2 Sort 2 examination is a crucial milestone, nevertheless it’s only one ingredient of our complete, security-first firm tradition and operational technique,” stated Nick Percoco, Kraken Chief Safety Officer. “We view safety as a steady, holistic dedication, one which extends past any single audit, reporting requirement, or certification. As Kraken continues to scale and the risk panorama evolves, we stay laser-focused on strengthening our inner controls and investing in distinctive expertise to uphold our dedication to defending our shopper’s information and their belongings.”

What this implies for our shoppers:

  • Enhanced asset safety: SOC 2 Sort 2 compliance validates that belongings in Kraken’s Institutional Custody platform are safeguarded by strong, industry-leading safety protocols, constantly monitored and enhanced to counter evolving cybersecurity threats.
  • Belief via transparency: With this recognition, shoppers can have higher confidence in Kraken’s operational integrity. It reaffirms how our safety controls should not solely well-designed, however have been reliably executed over an prolonged interval.
  • Dedication to excellence: This achievement displays Kraken’s ongoing funding in best-in-class safety practices and infrastructure, reinforcing our mission to ship a really security-first providing that promotes broader adoption of digital belongings globally.  

A step ahead, with extra to return

SOC 2 Sort 2 compliance is a major milestone, nevertheless it’s only one a part of our bigger security-first philosophy at Kraken. We’re dedicated to constantly enhancing our infrastructure, protocols, personnel, and holistic operation to make sure we’re serving our shopper’s wants each now, and long run.



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