Bitcoin Suisse, a crypto-financial solutions provider, today announced that the Bitcoin Suisse Vault, its proprietary institutional-grade solution for crypto-asset custody has successfully completed a series of independent audits including ISAE 3402 reporting.
This is the second round of audits, which the Bitcoin Suisse Vault has undergone, after reviews were successfully conducted in 2018.
The technology and processes of the Bitcoin Suisse Vault was examined by three auditing and technology firms as part of its ongoing commitment to quality and security, including:
- An ISAE 3402 Type 1 audit, covering key generation and management, transaction and authorization flow as well as change and business continuity management, was carried out by PwC.
- An additional ISAE 3402 Type 2 report was issued by Grant Thornton covering key management processes.
- A code review was also conducted by Zühlke.
This latest round of audits for the Bitcoin Suisse Vault comes as the company continues to further expand its service offering in the institutional space.
Last month, Bitcoin Suisse partnered last month with Amun AG to provide crypto asset storage for the Amun Bitcoin Suisse BTC/ETH Exchange-Traded Product, the first CHF-denominated ETP with Swiss-based asset storage to be traded on the SIX Swiss Exchange. Bitcoin Suisse also applied for a Swiss banking and securities dealer license in July of this year.