BitGo's Commitment to Security and Trust: The SOC 2 Advantage

Trust at Our Foundation, Technology at Our Core

Since 2013, BitGo has provided secure infrastructure for the digital asset economy, safeguarding billions in value for institutional clients across more than 50 countries. As one of the first qualified custodians for digital assets in the United States, we’ve long believed that financial freedom requires a foundation of trust and integrity. BitGo's commitment to industry-leading security practices has remained constant. Our SOC 2 Type 2 certification underscores that commitment, a cornerstone of our approach to transparency, risk management, and client protection.

What is SOC 2 and Why It Matters

SOC 2 (System and Organization Controls 2) is a rigorous, independent audit standard developed by the American Institute of CPAs. It assesses a company’s controls related to the security, availability, processing integrity, confidentiality, and privacy of customer data. 

SOC 2 reporting comes in two distinct forms, each offering a different depth of insight. Type 1 provides a point-in-time evaluation of whether a company’s controls are properly designed to meet key security and operational standards. Type 2 builds on this by measuring how effectively those controls operate over an extended period, typically six to twelve months, demonstrating that the organization consistently maintains its standards in real-world conditions.

Type 2 compliance is the gold standard. It doesn’t just show that policies exist; it proves they work in practice.

BitGo's SOC 2 Journey

BitGo was one of the first digital asset companies to achieve SOC 2 Type 2 certification. Over the years, we have renewed our commitment annually, completing independent audits that evaluate the effectiveness of our controls across our entire product stack.

This is more than a badge of honor. It reflects how seriously we take our responsibility to protect client assets. SOC 2 Type 2 certification validates that our security protocols are well-designed and continuously enforced. It demonstrates our capacity to withstand scrutiny and exceed the expectations of even the most conservative institutional investors.

Why SOC 2 Compliance Benefits Clients

Cyber threats are becoming more sophisticated, and SOC 2 Type 2 provides assurance that an organization has both the controls and the operational discipline needed to protect sensitive systems and data over time. BitGo clients, including hedge funds, family offices, crypto-native platforms, and traditional financial institutions entering digital assets, need confidence that their custodian is operating with world-class standards.

SOC 2 speeds and simplifies client due diligence. Institutions streamline vendor risk assessments by working with a qualified custodian like BitGo. They can point to independent verification from a trusted third-party auditor rather than relying solely on internal claims. This validation is especially valuable when onboarding clients, undergoing audits, or reporting to regulators and stakeholders.

The benefits are practical, too:

• Operational risk mitigation through proven systems.

• Stronger regulatory posture via independently audited controls.

• Streamlined onboarding and vendor reviews for compliance teams.

SOC 2 in Practice: What it Means for Digital Asset Security

BitGo’s security model integrates best-in-class practices rooted in the SOC 2 framework. These controls are tested in the SOC 2 Type 2 audit cycle. 

• Cold storage infrastructure with offline key management.

• Multi-signature wallets that eliminate single points of failure.

• Geographically distributed key shards are protected by strict physical and procedural controls.

• Role-based access controls and activity monitoring to detect unauthorized behavior.

• Internal and third-party teams perform regular penetration testing and threat modeling.

SOC 2 and the Corporate Treasury Context

As more corporations explore including digital assets on their balance sheets, custodial security and regulatory compliance become essential. In 2023, the collapse of Silicon Valley Bank and other financial institutions highlighted the fragility of traditional counterparties. That year, 73% of Fortune 500 treasury executives implemented new metrics to assess bank risk, according to a NeuGroup survey.

Digital assets offer new opportunities for liquidity, diversification, and global accessibility in corporate treasury strategies, but securely managing them requires an institutional-grade custodian.SOC 2 certification helps corporate treasurers demonstrate due diligence in vendor selection and builds trust with boards, auditors, and shareholders.

Moreover, with new FASB accounting standards taking effect in 2025, allowing fair value treatment of bitcoin and other digital assets, the demand for transparent, compliant custodians will only grow. BitGo is ready to support that evolution with a secure infrastructure that meets the highest operational and audit standards.

Beyond Compliance: A Culture of Continuous Security

SOC 2 certification is not a checkbox at BitGo; it’s a baseline. We undergo a rigorous independent audit annually to verify that our controls function as intended. But the real work happens daily: monitoring systems, adapting to new threats, and reinforcing a security culture at every level of our organization.

Our commitment extends beyond SOC 2. As a regulated qualified custodian, we carry up to $250 million in insurance coverage, provide detailed insurance disclosures, and offer tailored risk solutions to meet the needs of our global client base. We also hold SOC 1 Type 2 certifications, providing added confidence to clients managing digital assets in fund structures or fiduciary environments. We are also constantly advancing our security posture with announcements planned for later this summer. Stay tuned!

The BitGo Difference

Thousands of institutions across more than 50 countries rely on BitGo. Our track record is built on:

• Over a decade of experience with zero asset losses due to internal failure.

• Leading custody solutions for the world’s most security-conscious clients.

• Support for complex institutional requirements, including multi-user workflows, reporting tools, and compliance integrations.

SOC 2 Type 2 certification is just one piece of a broader trust framework that includes technology, transparency, and accountability. We hold ourselves to the highest possible standards to safeguard our clients' assets and earn their trust every day.

Trust is Earned — BitGo Proves It

BitGo provides the foundation for secure digital asset infrastructure. Our SOC 2 Type 2 certification reflects a deep commitment to security, reliability, and operational excellence in an evolving market. Whether you're managing an investment fund, securing a corporate treasury, or meeting regulatory requirements, you need a partner that prioritizes your protection.

At BitGo, we believe financial freedom begins with a strong security foundation, and SOC 2 is one part of our approach ensuring our commitment to our clients.

Learn more at www.bitgo.com or contact us to learn how BitGo can support your digital asset strategy with secure, compliant infrastructure.