1inch Becomes First DeFi Ecosystem to Achieve ISO and SOC Certifications
- 1inch is the first DeFi ecosystem to secure both ISO 27001 and SOC 2 Type 1 certifications.
- The certifications were issued by Degensoft Ltd, a subsidiary registered in the UAE.
- This achievement enhances security and corporate governance, moving DeFi closer to institutional trust.
- Co-founder Sergei Kunz emphasized that these standards help align DeFi with traditional finance.
- The audit preparation involved collaboration with zeroShadow and Prescient Security LLC for compliance verification.
The attainment of ISO and SOC certifications marks a significant milestone for DeFi, as it establishes a framework for security and governance that was previously dominated by centralized entities like Binance and Coinbase. This move is crucial for fostering trust among institutional partners.
By achieving these certifications, 1inch strengthens its position in the market, demonstrating its commitment to bridging decentralized finance with traditional financial systems.
