BVNK achieves SOC 1 Type II

We're thrilled to announce that BVNK has achieved SOC 1 Type II certification – a critical milestone that validates how we protect your financial assets and ensure transaction accuracy.

SOC 1 Type II is the gold standard for financial controls. It means an independent auditor has rigorously examined our systems to verify that money is protected, balances are accurate, and transactions are processed reliably. Over the past 6 months, this examination covered 17 critical financial control areas across our platform. The result: zero exceptions noted. 

SOC 1 Type II complements our SOC 2 Type II certification. Together, they demonstrate comprehensive, enterprise-grade controls – technical security and financial integrity. For enterprise customers and regulated institutions, this combination provides the independent assurance your auditors require.

Assets and balances are independently verified

The audit verified that digital assets held with BVNK are protected by multiple layers of cryptographic controls. Private keys are distributed across geographically separated locations and backed by insurance coverage – meaning no single person can unilaterally move your funds. Your account balances are reconciled daily against external bank statements, and transactions are automatically validated and recorded. These comprehensive financial controls ensure money is where we say it is – and that your auditors can verify that too.

Platform reliability and accessibility of funds

We maintain critical systems with daily backups and cross-region replication. If our primary data center fails, a backup automatically takes over. The auditor confirmed that during the 6-month audit period, we had zero significant system incidents. They also confirmed that we maintain sufficient reserves to cover 100% of customer balances, enabling withdrawals to be processed without delays.

What this means for you

SOC 1 Type II certification is what enterprise customers and regulated institutions look for when vetting a payments provider – and what their auditors require. 

It means an independent auditor has examined our financial controls comprehensively and confirmed they're working reliably. Money is secure, balances are accurate, and transactions are processed with audit-grade controls. If you're subject to your own SOC 1 requirements or regulatory audits, you can now confidently demonstrate that your critical financial supplier meets the highest standards of control and compliance.

Want to learn more? Visit our Trust Center to view the full SOC 1 Type II report or explore our other compliance certifications (SOC 2 Type II, ISO 27001:2022, DORA).