Ottawa-based crypto custody leader Brane has completed a Service Organization Controls (SOC) 2 Type 1 certification by leading audit firm MNP.
Founded in 2017, Brane helps institutional clients unlock the opportunities of blockchain and digital assets. Brane Vault, its core digital asset custody technology, is third-party certified to stringent global standards including ISO 27001, ISO 27017, and NIST CSF Tier 4, and insured against theft and crime.
The SOC 2 certification process evaluates the design (Type 1) and operating effectiveness (Type 2) of the security controls of Brane’s custody solutions for digital assets like Bitcoin, Ethereum, and NFTs. Brane will now proceed with the assurance process for SOC 2 Type 2 certification, which monitors and evaluates the same systems and controls over a six-month period.
“Brane’s custody solutions have been tested and validated by third-party experts, as well as sophisticated clients with large digital asset positions and rigorous safekeeping requirements,” said Matt Pierce, Interim President of Brane Trust.
“Our industry-leading security certifications, together with strong insurance coverage and an outstanding leadership team, position Brane as the partner of choice for Canadian institutions seeking to keep crypto safe from the full range of risks.”
Brane’s SOC 2 Type 1 certification comes in addition to the company’s previous certifications to ISO/IEC 27017, ISO/IEC 27001, and NIST CSF Tier 4 standards, specifically for digital assets under custody, by audit firm BSI – the first and only Canadian company, in any industry, to achieve this level of cybersecurity certification.