Custodia Bank, a crypto-friendly bank based in Wyoming, has obtained certification as a System and Organization Controls 2 (SOC 2) compliant bank. SOC 2 is a cybersecurity compliance framework that assesses a service provider's ability to securely store and process client data. Custodia Bank, founded by Bitcoin advocate Caitlin Long, focuses on digital asset banking, payments, and custody solutions for US commercial customers. The bank highlighted that the SOC 2 Type II certification demonstrates its commitment to data security, highest security standards, and focus on availability and confidentiality. Despite facing regulatory challenges, Custodia continues to strive for traction in the banking space.



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