TRES Achieves SOC 1 Compliance: A Milestone in Web3 Financial Security and Trust

CEO & co-founder @Tres Finance

December 4, 2023

In the ever-evolving landscape of Web3 finance, security and trust are paramount. Our team has a wealth of experience in the cybersecurity space, and we knew that if we wanted to overhaul the way businesses manage their Web3 finance, we would have to utilize that experience on the TRES ecosystem.

We’re thrilled to share that TRES has now achieved SOC 1 type 2 compliance, cementing our Financial Data Lake infrastructure as a trusted pillar in the world of Web3 finance. This achievement underscores our commitment to safeguarding our users and their financial data.

SOC 1 compliance is a rigorous framework established by the American Institute of CPAs (AICPA) to ensure the secure handling of financial information by service organizations. This certification is a testament to TRES’ dedication to maintaining the highest standards of internal controls and security protocols.

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How did we achieve this?

The road to SOC 1 compliance is a comprehensive and challenging one, involving a thorough examination of internal processes, controls, and risk management. TRES has undergone a meticulous audit conducted by independent third-party assessors to validate that our systems and procedures meet the stringent criteria set forth by SOC 1. Throughout this journey, our team has worked tirelessly to enhance and fortify our security measures, ensuring that TRES users can transact and engage with our platform with complete confidence.

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What does this mean for our customers?

Alongside all of the TRES benefits, achieving SOC 1 will give all TRES customers:

Enhanced Data Security: SOC 1 compliance means that TRES has implemented robust controls to safeguard all financial information and to prevent unauthorized access.
Risk Mitigation: The rigorous audit process identifies and addresses potential risks, further reducing the likelihood of security incidents.
Operational Excellence: To achieve SOC1 compliance, our team has had to go through a thorough examination of internal processes, leading to increased operational efficiency and reliability.
Trust & Confidence: TRES customers can feel even more confident knowing that we are adhering to industry-leading standards for all of our financial data.

Alongside achieving SOC 1 type 2 compliance, TRES is also SOC 2 type 2 compliant, which was conducted by EY Global - a true leader in professional services and audit.

As we celebrate this achievement, we remain committed to continuous improvement and the highest standards of security. SOC 1 compliance is not the end of our journey but a significant milestone on our path to providing our customers with the full & accurate picture of all of their Web3 financial activity.

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Interested in TRES?

Schedule a demo with one of our expert team members to show how we can streamline your financial operations and make Web3 finance the easiest part of your workflow.

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