Cactus Custody Completes SOC 2 Type II Audit, Reinforcing Security Standards in Digital Asset Custody

October 28, 2024 02:00 PM AEDT | By Cision

Cactus Custody Completes SOC 2 Type II Audit, Reinforcing Security Standards in Digital Asset Custody — Image source: Kalkine Media

Recent News

ASX Market Close: Energy Stocks Drive Performance Higher | April 29, 2...

Australian Shares Continue to Rise Amid Inflation Data Focus

Surge in Uranium Stocks Boosts ASX as Energy Sector Rises

ASE Technology Co. Ltd ADR (ASX): Price Swings and Volume Insights Acr...

SINGAPORE, Oct. 28, 2024 /PRNewswire/ -- Cactus Custody (www.mycactus.com), a licensed digital asset custodian under Hong Kong Trust Company (License No.: TC006789) and provisionally exempt from regulation by the Monetary Authority of Singapore (MAS), has completed the SOC 2 Type II audit led by Deloitte. This accomplishment highlights Cactus Custody's dedication to providing a secure and compliant environment for digital asset management.

The SOC 2 Type II audit reinforces our ability to meet global security standards, giving clients across APAC and beyond confidence that their digital assets are securely managed in line with industry best practices and regulatory requirements.

"The SOC 2 Type II attestation reflects our unwavering commitment to protecting client assets. It strengthens trust and positions us as a reliable partner in digital asset custody. Managing billions in assets for over 300 institutions, we operate under strict regulatory frameworks governing our platform's architecture, development, and operations," said Wendy Jiang, General Manager of Cactus Custody.

Deloitte rigorously conducted the audit based on Security, Availability, and Confidentiality, ensuring Cactus Custody's compliance with these critical standards.

About Cactus Custody

Cactus Custody, founded by Jihan Wu, is a leading institutional digital asset custody provider. As an ISO-certified custodian and a licensed Hong Kong Trust company (License No.: TC006789), with an exemption from regulation by the Monetary Authority of Singapore (MAS), it meets regulatory capital reserve requirements and adheres to the strict anti-money laundering and counter-terrorist financing regulations. Backed by cutting-edge security architecture, Cactus Custody protects client assets in hot and cold storage. It safeguards billions of dollars in digital assets for over 300 institutions, including top-tier mining companies, mining pools, funds, asset management platforms, and OTC traders.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.