When we started Borderless.xyz at the beginning of the year, one of the things that bothered me was the disregard among many industry participants for compliance, risk, operational controls, and infosec. Having experienced first hand what happens when these things go wrong, it's incredibly important to me to embed these considerations deep into the fabric of the culture at Borderless. Getting our SOC 2 Type 1 is a great first step third party audits of our controls and ensuring we're operating in a safe and sound manner. We're currently pursuing Type 2 and will continue to push the industry forward holistically. Our GC George S. Georgiades, Esq. spends a tremendous amount of energy educating and advocating around policy and compliance needs, not because that activity directly helps us but because it's needed to responsibly and sustainably move the world onchain. Excited for this milestone and those to come!
Borderless.xyz sets the standard for stablecoin payments by achieving a SOC 2 Type 1 certification! Payments isn't just technology - it's a combination of risk, compliance, operational controls, AND technology. We're going to keep setting higher and higher bars as we continue to lead the way with enterprise adoption of stablecoins. https://lnkd.in/gWE4b8qK
CEO & Founder of ParagonPay & Paragon crypto || paragoncrypto.io
4dCongratulations and best of luck with Type 2 also.