The process was meant to ensure that customer information is handled properly by the company.
Ledger, a crypto company providing a number of hardware wallet solutions, has obtained a successful System and Organization Controls, or SOC, Type 1 test.
Friedman LLP, a New York-based accounting firm, ran the SOC 2 Type 1 test on Ledger, according to a statement provided to Cointelegraph:
"By obtaining the SOC 2 Type 1 report, we are now able to provide an additional layer of verified security to our clients, assuring that the Vault solution is secured at all times and that we have the processes in place to ensure availability."
A crypto storage solution for larger players and companies, Ledger Vault operates as a custody wing under the broader Ledger company.