Nexo Achieves CSA STAR Level 1 Certification, Reinforcing Its Commitment to Security and Transparency

Nexo, a renowned institution in the world of digital assets, has taken a significant leap forward in cloud infrastructure security by securing the Cloud Security Alliance’s (CSA) Security, Trust & Assurance Registry (STAR) Level 1 Certification. This achievement follows Nexo’s successful completion of the highly regarded SOC 2 Type 2 audit and the ISO 27 001 standardization in 2019, solidifying the company’s dedication to client data security and transparent practices.

The CSA STAR certification, which counts tech giants like AWS, Google Maps, and VMWare among its adopters, involves an exhaustive 261-question self-assessment process followed by third-party validation through the CSA Cloud Controls Matrix (CCM). This rigorous process serves to underline and validate a company’s commitment to stringent security measures.

Bolstering Digital Asset Security

In the recently released verification report, Nexo demonstrated its uncompromising approach to security, aligning perfectly with the CSA’s highest standards. This step provides greater visibility into the robust safeguards in place for customer data and operations. By obtaining the CSA STAR Level 1 Certification and sharing all security measures transparently, Nexo reaffirms its unwavering dedication to security, compliance, and transparency.

Antoni Trenchev, Co-Founder and Managing Partner of Nexo, emphasized the company’s commitment to security, stating, “As a company utilizing cloud services, we are determined to uphold the highest security standards in safeguarding client data with robust, yet transparent frameworks. Just as we work tirelessly to deliver innovative practical solutions, the same dedication goes towards investing in our security infrastructure.”

Jim Reavis, CEO, and Co-Founder of the Cloud Security Alliance, praised Nexo’s commitment to security and transparency, saying, “CSA STAR proudly acknowledges Nexo’s participation in the STAR program and achievement in attaining the Level 1 Certificate. We are fueled with optimism when leading companies in the digital assets sector display commitment and undertake their responsibility towards cloud service security and transparency. As CSA continues to align the best practices in cloud security, we commend Nexo on their engagement with CSA’s STAR registry and journey towards customer security.”

Nexo has been relentless in its pursuit of security, compliance, and transparency, building a comprehensive security infrastructure that adheres to the most stringent frameworks and standards. This unwavering dedication to safeguarding client data and assets fuels the company’s efforts to instill confidence and trust among its clients. Nexo is also committed to further enhancing its security and transparency through more partnerships and additional authoritative third-party validations.

A Secure and Transparent Digital Economy

Nexo is the world’s leading digital assets institution, aiming to maximize the value and utility of digital assets by offering a comprehensive suite of products, including advanced trading solutions for both retail and institutional clients, liquidity aggregation from leading venues, and tax-efficient asset-backed credit lines. In 2022, Nexo expanded its portfolio by launching Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has successfully processed over $130 billion for more than 6 million satisfied users across 200 jurisdictions.

The Cloud Security Alliance is the world’s foremost organization dedicated to defining and promoting best practices to ensure a secure cloud computing environment. CSA leverages the expertise of industry practitioners, associations, governments, corporate members, and individuals to provide cloud security-specific research, education, training, certification, events, and products. CSA’s extensive activities, knowledge, and network benefit all stakeholders in the cloud ecosystem, from providers and customers to governments, entrepreneurs, and the assurance industry, fostering a trusted cloud environment for all.

Nexo’s recent CSA STAR Level 1 Certification underscores its commitment to safeguarding the digital assets and data of its customers while enhancing transparency and trust in the digital assets sector. Furthermore, Nexo’s pursuit of industry-leading security standards is a testament to its ongoing dedication to staying at the forefront of digital asset protection. With this achievement, Nexo not only fortifies its own position as a leader in the digital assets space but also sets a benchmark for others in the industry to follow.