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OSL has obtained SOC 2 Type 2 certification for the second consecutive year and will change the release cycle to once a year.
● Change the release cycle of SOC 2 Type 2 report to once a year to comprehensively review data security controls and operational effectiveness.
The report audited the operation of OSL's custody, Automated Trading Services (ATS), and Software as a Service (SaaS).
OSL, a licensed digital asset trading platform under OSL Group (863.HK), announced today that it has successfully completed its SOC 2 Type 2 report for the second consecutive year, covering its custody, automated trading services (ATS), software-as-a-service (SaaS) and other business areas.
Following the industry's best practice, OSL extends the observation period of SOC 2 Type 2 report to 12 months for a more comprehensive and strategic evaluation of the management controls and effectiveness of data security, highlighting OSL's firm commitment to transparency, compliance and data security protection.
OSL's SOC 2 Type 2 certification is audited by a well-known Big Four accounting firm, demonstrating high standards of security, availability, and confidentiality in its custody, ATS, and SaaS solution. This certification is an important guarantee for clients who require third-party verification to complete due diligence and compliance requirements.
Song Cui, Chief Executive Officer of OSL, said, "Protecting and maintaining data security is critical to the digital asset industry. Maintaining SOC 2 Type 2 certification is a key part of our commitment to operational excellence and regulatory compliance. Our ultimate goal is to continue to lead and raise security and compliance standards in the digital asset industry."
SOC 2 is the abbreviation of "System and Organization Controls 2". It establishes a set of information security management and assurance rules and standards that organizations must follow, and is an authoritative verification report that is particularly important for institutions' clients such as banks and auditing firms.
About OSL
OSL Group (863.HK, formerly known as BC Technology Group) is a leading fintech and digital asset listing company in Asia. Its platform is the first licensed and regulated digital asset platform in the world licensed by the Hong Kong Securities and Futures Commission. The company was established in 2018 and has a long history in the relevant field. Its comprehensive and regulated digital asset solutions are also widely recognized by the industry.
OSL provides market services (brokerage, exchange, and custody) and software-as-a-service (SaaS) technology solutions, offering global liquidity to institutional, professional, and retail investors on top-tier digital asset trading platforms. OSL's secure and insured wallets ensure the safe storage and efficient trading settlement of digital assets.
As the digital asset industry continues to develop, the company also continues to make progress. OSL's simple and tailored services ensure that global clients receive compliant services in the ever-evolving digital asset environment.
For more information, please visit: osl.com.