What is SOC 2 Type II compliance and why it matters in crypto

SOC 2 is a security standard created by the American Institute of Certified Public Accountants (AICPA).

Why SOC 2 compliance matters

When it comes to crypto, security isn't optional — it’s the foundation of trust. That’s why SOC 2 Type II compliance is important, especially for platforms that hold or help manage digital assets.

So, what is SOC 2 Type II exactly?

SOC 2 is a security standard created by the American Institute of Certified Public Accountants (AICPA). It’s used to evaluate how well a company protects customer data — especially in cloud-based or online services.

There are two types:

Type I looks at whether a company has security controls in place.
Type II goes further — it checks whether those controls actually work over time, based on a detailed, independent audit that can take months.

Getting SOC 2 Type II certified means a company isn’t just talking about security — it has proven, under outside review, that its systems are reliable and well-run.

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Why should crypto investors care?

As the crypto industry grows, so does the importance of strong, verifiable security standards. SOC 2 Type II compliance offers an added layer of protection against data breaches, system failures, and unauthorized access — all of which are critical in an environment where security and transparency are paramount.

For users, this means greater confidence that their personal information and digital assets are safeguarded by independently verified, enterprise-grade controls. It's not just about meeting expectations — it's about exceeding them with proven, continuous oversight.

For institutions, partners, and regulators, SOC 2 Type II signals that a crypto company meets the same rigorous standards trusted across the broader financial sector — while staying purpose-built for the unique needs of digital assets.

Bottom line

SOC 2 Type II isn’t just a checkbox – it shows a commitment to the security, transparency, and protection of your digital assets. As the crypto industry matures, third-party audits like SOC 2 Type II will become the baseline for trust.

RockWallet is proud to be SOC 2 Type II compliant, reinforcing its role as a leader in secure, non-custodial crypto solutions.