The custodian and exchange is the world’s first to receive a Service Organization Control (SOC) 1 Type 1 certification, according to Yusuf Hussain, the company’s head of risk.
The examination was executed by Deloitte. “Passing an SOC 1 review means that Gemini’s financial operations and customer reporting controls comply with requirements set by the American Institute of Certified Public Accountants,” it reads.