Finery Markets Achieves SOC 2 Type 2 Certification, Reinforcing Security Commitment
In a significant milestone for the cryptocurrency trading world, Finery Markets has successfully completed its SOC 2 Type 2 examination. This achievement not only reinforces the company's ongoing commitment to security but also enhances credibility among its institutional clients. Located in the British Virgin Islands, Finery Markets is recognized as a premier non-custodial crypto Electronic Communication Network (ECN) specializing in innovative trading solutions for institutional players.
The SOC 2 Type 2 examination represents a rigorous evaluation of a company's systems and controls, providing peace of mind to clients about the security and privacy of their sensitive data. This certification follows Finery Markets' completion of the SOC 2 Type 1 examination in March 2024, both conducted with the expertise of 360 Advanced. According to Ilia Drozdov, CEO and co-founder of Finery Markets, achieving SOC 2 Type 2 is pivotal in reinforcing trust with clients and aligning operations with the high standards set by traditional financial markets.
"This milestone highlights our mission to provide institutional-grade trading services in the crypto market while adhering to the utmost security standards, as we bridge the gap between innovation and reliability in our approach to digital assets," Drozdov explains. The company caters to institutional clients in over 35 countries, facilitating a hybrid trading platform that merges aggregated order books with Request for Quote (RFQ) functionalities.
The importance of security in the digital asset ecosystem cannot be overstated. Finery Markets aims to set itself apart with its proactive approach to safeguarding client data, effectively addressing concerns that investors and firms may have about entering the cryptocurrency space. Being the first crypto ECN to successfully complete both SOC 2 Type 1 and Type 2 examinations, Finery Markets solidifies its stance as an industry leader, ensuring clients can trust its trading infrastructure to uphold institutional-grade safeguards.
In addition to its commitment to security, Finery Markets has rapidly grown its ecosystem since its launch in 2019. The firm has amassed over 150 clients, including payment providers, hedge funds, custodians, and brokers, all while enhancing capital efficiency, optimizing execution, and simplifying settlement processes. Finery Markets has also been recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition in 2024.
This accomplishment showcases Finery Markets' ability to fuse an innovative startup mentality with rigorous compliance measures. As Drozdov noted, their startup mindset allows them flexibility in operations, while their compliance with stringent security protocols demonstrates their commitment to client trust and safety.
As the landscape of digital assets continues to evolve and attract institutional interest, companies like Finery Markets are setting the bar high for security and reliability standards in the crypto trading environment. The successful completion of SOC 2 Type 2 is not merely a certificate; it signifies a robust infrastructure built to support the growing demand for trustworthy, efficient, and secure crypto trading solutions.
Looking forward, Finery Markets, in collaboration with 360 Advanced, aims to continuously uphold the highest standards while navigating the dynamic challenges of the cryptocurrency market. With such commitments, the firm is poised not just to meet but to exceed the expectations of its clients, maintaining a trajectory of trust and innovation in an ever-evolving sector.
The SOC 2 Type 2 examination represents a rigorous evaluation of a company's systems and controls, providing peace of mind to clients about the security and privacy of their sensitive data. This certification follows Finery Markets' completion of the SOC 2 Type 1 examination in March 2024, both conducted with the expertise of 360 Advanced. According to Ilia Drozdov, CEO and co-founder of Finery Markets, achieving SOC 2 Type 2 is pivotal in reinforcing trust with clients and aligning operations with the high standards set by traditional financial markets.
"This milestone highlights our mission to provide institutional-grade trading services in the crypto market while adhering to the utmost security standards, as we bridge the gap between innovation and reliability in our approach to digital assets," Drozdov explains. The company caters to institutional clients in over 35 countries, facilitating a hybrid trading platform that merges aggregated order books with Request for Quote (RFQ) functionalities.
The importance of security in the digital asset ecosystem cannot be overstated. Finery Markets aims to set itself apart with its proactive approach to safeguarding client data, effectively addressing concerns that investors and firms may have about entering the cryptocurrency space. Being the first crypto ECN to successfully complete both SOC 2 Type 1 and Type 2 examinations, Finery Markets solidifies its stance as an industry leader, ensuring clients can trust its trading infrastructure to uphold institutional-grade safeguards.
In addition to its commitment to security, Finery Markets has rapidly grown its ecosystem since its launch in 2019. The firm has amassed over 150 clients, including payment providers, hedge funds, custodians, and brokers, all while enhancing capital efficiency, optimizing execution, and simplifying settlement processes. Finery Markets has also been recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition in 2024.
This accomplishment showcases Finery Markets' ability to fuse an innovative startup mentality with rigorous compliance measures. As Drozdov noted, their startup mindset allows them flexibility in operations, while their compliance with stringent security protocols demonstrates their commitment to client trust and safety.
As the landscape of digital assets continues to evolve and attract institutional interest, companies like Finery Markets are setting the bar high for security and reliability standards in the crypto trading environment. The successful completion of SOC 2 Type 2 is not merely a certificate; it signifies a robust infrastructure built to support the growing demand for trustworthy, efficient, and secure crypto trading solutions.
Looking forward, Finery Markets, in collaboration with 360 Advanced, aims to continuously uphold the highest standards while navigating the dynamic challenges of the cryptocurrency market. With such commitments, the firm is poised not just to meet but to exceed the expectations of its clients, maintaining a trajectory of trust and innovation in an ever-evolving sector.
Topics Financial Services & Investing）
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