Cactus Custody Earns SOC 1 Type 1 Certification from Deloitte

Cactus Custody, a leading institutional digital asset custody provider, has achieved a significant milestone in its commitment to operational excellence and client trust. The company has earned SOC 1 Type 1 certification following an independent audit by Deloitte, a renowned global professional services firm.

The rigorous audit process conducted by Deloitte covered various aspects of Cactus Custody's operations, including client account onboarding, fiat and crypto transactions, and internal system operations. The audit also validated the company's financial processing capabilities, such as settlement, reconciliation, account management, fee processing, asset valuation, reporting, and the secure management of cryptographic keys throughout their lifecycle across different custody storage methods.

Wendy Jiang, General Manager of Cactus Custody, expressed her enthusiasm about the certification, stating: "Achieving SOC 1 Type 1 certification underscores our commitment to robust governance, precise financial management, and secure custody. We prioritize the security of our clients' assets and maintain strict internal controls to deliver top-tier service. Moving forward, we will continue to promote compliance and transparency, striving to set higher benchmarks in the evolving crypto asset space to enhance trust and satisfaction among our clients."

Cactus Custody's journey towards enhanced custody standards is not new. The company previously achieved SOC 2 Type 1 certification with Deloitte and is currently working towards SOC 1 Type 2 reporting this year. Through regular audits, Cactus Custody continues to enhance its custody standards, drive industry compliance, and provide transparent, secure custodial services.

As a trusted institutional digital asset custodian, Cactus Custody is ISO-certified and holds a Hong Kong license (TC006789). It has also received a temporary exemption from the Monetary Authority of Singapore (MAS) and adheres to strict capital reserve requirements and AML and CTF regulations. Committed to its "Security First, Integrity Always" philosophy, Cactus Custody simplifies crypto asset management professionally and confidently.