Transak breaks the ice: first crypto ramp with SOC 2 Type 2 certification

What does it mean for a crypto service to be “SOC 2 Type 2”? Basically, it passed such a rigorous security audit that traditional corporations will now say yes to it.

Transak has just achieved this historic milestone after months of thorough inspection of its payment systems, data infrastructure, and internal controls. The SOC 2 Type 2 ( standard created by the American AICPA ) verifies that a company protects sensitive data against unauthorized access, breaches, and vulnerabilities—exactly what scares banks and large corporations in Web3.

Why it matters:

Transak, founded in 2019, was already operating in the U.S., U.K., India, and throughout the EU with 256-bit SSL encryption and verified identity. But with SOC 2 Type 2 in hand, it opened the door to partnerships with tech, finance, and healthcare giants that demand the highest compliance standards.

Its CEO Sami Start made it clear: “It is an achievement that underscores our commitment to top-level privacy and security in Web3.”

In addition, Transak is already certified with ISO/IEC 27001:2022 (information security management) and integration in wallets like MetaMask and Coinbase Wallet.

The context: while many crypto ramps continue to operate in the regulatory shadows, Transak is setting a precedent: legitimacy in Web3 is not a luxury, it is the way forward.