Digital asset firm Copper is pleased to announce the successful completion and certification of their SOC2 Type 2 assessment.
Tim Neill, Chief Risk Officer at Copper, said:
“I am delighted to share with you that Copper has been awarded a significant certification: SOC 2. The ‘System and Organisation Controls’ – known as SOC2, is an examination of our controls that allows end users to assess Copper. Achieving SOC2 certification is a positive statement on our business’ governance.”
He added:
“Copper took a step further and has successfully been certified with the more difficult ‘SOC2 Type 2’. This achievement makes a strong validated statement to the industry that Copper is Setting the institutional standard for digital assets. Alongside our ISO27001, SOC2 Type 2 represents a commitment to good governance, information security and privacy protection.”
In another recent update, it was noted that Lazard, which claims to be the world’s largest independent investment bank, has placed Copper on its annual index of the top 100 companies.
The Lazard 100 is reportedly “a curated list of companies Lazard believes will be disruptors in their respective industries.”
Lazard reportedly “cites Copper’s fundraising efforts last year, as well as the growing need for market infrastructure for institutional investors, as reasons for Copper’s placement.”
As explained in a blog post, Lazard is an investment bank “with offices in 48 countries around the world.”
They recently celebrated their 175th anniversary, having been founded in 1847.”
Lazard provides its clients “with asset management services, investment banking services and more.”
As covered recently, Gate.io is now fully integrated with Copper.co’s ClearLoop solution.
This integration will “serve as a mutual benefit to both parties, as institutional clients can utilize Copper.co’s technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with Copper.”
Over the past 10 years, Gate.io has “become one of the top and fastest-growing crypto exchanges.”
Its 12 million users worldwide “have access to deep liquidity and unique features, billions of dollars in daily trading volume, around 3,000 spot pairs, and 250 futures pairs, and competitive trading fees.”
Creating a solid foundation of trust between institutional investors and centralized exchanges Dr. Lin Han, Founder, and CEO at Gate.io, commented:
“Joining Copper’s ClearLoop network is part of our broader effort to enhance customer asset safety and provide institutional clients the support they need to succeed in their trading endeavors. Our commitment to promoting our users’ confidence is further echoed by our team, taking the lead in publishing a 100% audited Proof-of-Reserve report, as well as on-chain wallet holdings for public viewing.”