August 10, 2023
 min read

Northstake Completes ISAE 3402 Type 1 Audit

Louise Hallersbo

We are thrilled to announce that Northstake, the leading institutional-grade crypto-asset staking company, has achieved a significant milestone by successfully completing the ISAE 3402 Type 1 audit. This accomplishment serves as a testament to our unwavering dedication to maintaining exceptional quality standards and ensuring the utmost security of our clients' assets.

As a trusted partner in the industry, Northstake provides regulatory-compliant solutions that simplify the participation of institutional investors in Web3 economies. Our advanced technology platform supports top blockchain networks and protocols, offering streamlined staking with controlled counterparty risk and legal exposure.

With a steadfast commitment to regulatory compliance, we actively collaborate with local and global regulatory agencies as a registered Virtual Asset Service Provider (VASP) entity. All funds entrusted to us are handled and staked in full compliance with EU and Danish Crypto Asset regulations, while strict adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) laws ensures the integrity of our operations. Asset segregation further guarantees regulatory compliance and prevents any commingling of illicit funds.

Security is our utmost priority, and we have implemented enhanced information security measures to safeguard our clients' investments. Our platform integrates an insured multi-party computation (MPC) infrastructure, providing an extra layer of protection. In addition, our validator clients benefit from VPN protection, enabling secure transactions. Our separate chain nodes operate on dedicated virtual machines (VMs) within our highly secure data centers, offering robust protection against breaches.

We extend our sincerest appreciation to Sebastian Heine, Northstake's Head of Risk & Compliance, whose leadership has been instrumental in overseeing the successful ISAE 3402 Type 1 audit. His expertise and unwavering commitment to excellence have greatly contributed to this achievement. Commenting on the successful audit, Sebastian said:

"The successful completion of the ISAE3402 Type 1 Audit underscores our unwavering commitment to best-in-class security, and we will persistently validate our ambitious internal goals through rigorous external quality assessments."

At Northstake, we constantly strive for excellence, going beyond the usual scope of audits to ensure the highest standards of security and transparency for our valued customers. We are already preparing for future audits, reaffirming our commitment to maintaining industry-leading practices.

As the preferred platform for institutional investors seeking regulatory-compliant staking solutions, Northstake stands out with its streamlined approach, minimal counterparty risk, limited legal exposure, and comprehensive audibility and transparency.

We invite you to join us on this journey towards excellence and invest confidently with Northstake, your trusted partner for secure and reliable crypto asset holdings and staking.