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Setting Standards for Security: Membrane’s Journey to SOC2 Certification

March 5, 2024
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Membrane Team
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In the rapidly evolving digital finance ecosystem, security remains a paramount concern for institutions. Safeguarding sensitive data against cyber-attacks demands constant vigilance and a proactive approach. For enterprise-level crypto platforms, the stakes are even higher. Failure to implement robust security measures can lead to devastating breaches, eroding customer trust and inviting regulatory scrutiny.

The System and Organization Controls (SOC) 2 Type I examination, developed by the American Institute of CPAs (AICPA), stands as a bulwark against such vulnerabilities. It sets rigorous standards for managing customer data, focusing on five critical trust service principles: security, availability, processing integrity, confidentiality, and privacy. Achieving SOC2 certification is a testament to a company’s commitment to data security.

Membrane has risen to meet this challenge. After three months of rigorous evaluation, including assessing our controls, examining third-party vendor security, and establishing comprehensive policies, we proudly announce our successful completion of the SOC 2 Type I examination. Conducted by independent auditors from Insight Assurance, this achievement underscores our adherence to the highest standards of data security, availability, and confidentiality.

This certification is more than just a badge of honor. It reflects Membrane’s dedication to protecting our customers’ data today and far into the future. It complements our suite of security measures and innovative solutions, such as our cross-chain settlement engine. This feature, integral to our platform, ensures secure, efficient transactions across different blockchain networks, providing our clients peace of mind in a volatile market.

The journey to SOC 2 certification is a significant milestone in Membrane’s ongoing mission to secure our institutional-grade digital asset infrastructure. Meeting these rigorous standards shows our commitment to our customers’ security and sets a new industry benchmark for digital asset management software.

 

About Membrane Labs, Inc.

Membrane Labs is a digital asset fintech company offering enterprise-grade lending, spot trading, derivatives, and collateral management software (SaaS). Its cross-blockchain and custodian-agnostic settlement engine is included for efficient and secure digital assets management. Their customizable and modular technology provides investors with the versatility and customization needed to thrive in today’s evolving world of crypto.

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