Hyphe, the digital asset liquidity provider for financial institutions, has received a certificate of compliance to ISO 27001 Information Security Management by internationally-recognized certification body, BSI Group.
The certification “reinforces Hyphe’s commitment to the highest security standards ahead of Europe’s new Markets in Crypto Assets (MiCA) regulation.”
Hyphe’s ISO 27001 certification “covers its core activities in servicing digital currency trading and was received after a successful external audit of its policies, processes, documentation and information security measures.”
ISO 27001 is recognized “as a global standard for information security management and complements Hyphe’s registration with the Dutch central bank (DNB).”
Dolf Diederichsen, Co-founder and CEO of Hyphe, says:
“We’re very happy to receive this certification from BSI Group. It recognises all of our hard work in protecting data and managing risk and compliance within information security. As a fintech in the exciting, and growing space of distributed ledger technology (DLT), ISO 27001 certification provides further reassurance to our institutional clients that Hyphe’s systems are robust. This is even more important and relevant as the digital asset ecosystem responds to various shockwaves and gets ready for MiCA regulation.”
As noted in the update, Hyphe is “an Amsterdam-based digital asset liquidity provider for European financial institutions.”
Hyphe explains that it “enables banks, brokers and asset managers to offer digital currency trading, or digital-asset backed investment products, to their customers.”
Hyphe reportedly “provides institutions access to a proprietary liquidity pool and trading platform featuring a range of digital currencies, including Bitcoin, Ethereum and Ripple. Hyphe’s price discovery tech, Clear-Calculus, streams the fair market price for assets, 24/7.”
Hyphe has been “registered with the Dutch Central Bank (DNB) as a cryptocurrency service provider since 2020.”
As explained by the firm’s management:
“Hyphe provides financial institutions with easy-access digital asset liquidity. Operating a proprietary liquidity pool, accessed via API, Hyphe provides retail banks, brokers, asset managers and trading firms with deep liquidity across a range of digital assets, enabling their customers to invest and trade hassle-free. Ultimately, Hyphe is working to increase access to financial markets and broaden the profile of a trader to include everyone.”