Tassat Successfully Completes Type 2 SOC 2 Examination

NEW YORK — (December 3) —Tassat Group, Inc., the leading provider of private permissioned blockchain-based real-time settlement solutions, today announced the company successfully passed its 2024 Type 2 SAE 18 SOC 2 Examination.

The Type 2 SOC 2 Examination is a detailed assessment of the controls the organization has implemented around security, confidentiality, and availability of information and systems. Schellman & Company, LLC, an external auditor, conducted the examination which focused on the design and implementation of security controls and processes related to the firm’s TassatPay platform during the period between October 1, 2023 to September 30, 2024. Schellman & Company LLC’s examination found that these controls were both well designed and consistently implemented.

“Trust, safety, and security remain fundamental to the value proposition of Tassat’s digital, private blockchain-based infrastructure,” said Zain Saidin, Chief Executive Officer of Tassat. “The Type 2 SOC 2 process is a thorough evaluation of a service provider’s data security capabilities. With this successful examination, Tassat continues to demonstrate its ongoing commitment to maintaining robust safety protocols and enabling its partners to execute sensitive transactions with confidence.”

This examination presents the results of third-party testing of Tassat’s security controls, evaluated against the Trust Services Criteria established by the American Institute of Certified Public Accountants (AICPA). These criteria, along with the Type 2 SOC 2 process, are considered the industry standard for assessing the security of data processing services.

Tassat’s 2024 Type 2 SOC 2 Report is available to existing and prospective Tassat customers under a non-disclosure agreement and may be requested from a Tassat Customer Success Representative or [email protected].