Borderless.xyz Sets Security Standard for Stablecoin Industry, Achieves SOC 2 Type 1 Certification
New York, New York, December 16th, 2024, Chainwire
Pursuing this certification, Borderless.xyz demonstrates its commitment to risk management, operational excellence, and cybersecurity.
Borderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), today announced it has successfully completed its Service Organization Control (SOC) 2 Type 1 certification in its first year of operation.
As stablecoins continue to disrupt the payments industry and more companies look for ways to leverage the technology, it’s critical now more than ever to do so in a secure and compliant manner that helps mitigate operational risk.
With this SOC 2 Type 1 accreditation, Borderless.xyz customers can be even more confident that their sensitive information and business operations are safeguarded by industry-leading practices in data security, operational controls, risk mitigation, and compliance.
“Our customers place their trust in us to securely orchestrate collections, payouts, and remittances with our global payment capabilities and liquidity network,” said Kevin Lehtiniitty, CEO of Borderless.xyz. “Pursuing SOC 2 Type 1 certification reflects our dedication to meeting and exceeding industry benchmarks for operational and cybersecurity controls. It’s the first milestone of many that provides our customers with the assurance that their data and transactions are managed in a robust, compliant, and risk-averse environment.”
Borderless.xyz invites current and prospective customers to reach out to its support and sales teams to learn more about its SOC 2 report, which can provide further details into the company’s controls and compliance efforts.
Additional information on security practices, platform architecture, and ongoing improvements can also be found on the company’s website: www.borderless.xyz
About Borderless.xyz
Borderless.xyz is a leading global payments infrastructure company designed to facilitate transactions using internet native money including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, Borderless.xyz’s mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to onchain banking. Borderless.xyz is backed by Amity Ventures, along with executives of leading companies such as Michael Shaulov of Fireblocks, Johnny Ayres of Socure, and Anton Katz of Talos. To learn more about Borderless.xyz, visit https://borderless.xyz/.
