Korea Digital Asset (KODA), a digital asset custody firm, received a SOC1 Type 2 (Service Organization Control) certification report from accounting and consulting firm Samil PwC on the 2nd. The certification verifies KODA's internal control systems for digital asset custody services, covering areas that could impact client asset safekeeping and financial reporting. External audits of custody infrastructure are emerging as a key trust standard in the digital asset custody market, as institutions prioritize operational stability and incident prevention capabilities when selecting custody providers.
Samil PwC Verifies KODA Cold Storage and Wallet Management Systems
KODA announced on the 2nd that it received the SOC1 Type 2 certification report from Samil PwC for its digital asset custody services. SOC1 Type 2 is a reporting framework in which an external auditor verifies a service organization's internal control systems over a defined period, focusing on controls that could affect client asset custody and financial reporting.
The audit covered the full scope of custody services, including cold room operational management, wallet generation and withdrawal procedures, wallet and deposit/withdrawal management, access controls, and physical security facilities. KODA's verification confirmed its operation of a cold wallet system isolated from external internet connections and the cold room infrastructure that protects it.
KODA Operates FIPS-Certified HSM and Multi-Signature Cold Wallet Infrastructure
KODA has implemented hardware security modules (HSM) certified under the U.S. Federal Information Processing Standards (FIPS 140-2/140-3) and upgraded its custody infrastructure with a multi-signature-based cold wallet system. These measures enhance control levels across private key generation, storage, signing, and withdrawal processes.
The cold room incorporates fireproof safes, electromagnetic pulse (EMP) shielding equipment, automatic fire suppression systems, uninterruptible power supply (UPS) units, and access control and surveillance systems. These measures address operational stability, audit response readiness, and incident prevention capabilities — factors that listed companies, financial institutions, and institutional investors prioritize when selecting custody providers.
KODA Strengthens Trust Standards with Financial-Grade Security Measures
KODA CEO Jo Jin-seok stated, "The core of digital asset custody is not simple storage, but continuously having external institutions verify the technical, physical, and operational control systems that protect client assets."
In the digital asset custody market, not only storage technology but also the continuity of internal controls and the presence of external verification are gaining prominence as trust criteria. KODA plans to strengthen trust standards in the domestic digital asset custody market based on FIPS-certified HSM, multi-signature wallet management, and financial-grade cold room security facilities.
FAQ
What certification did KODA receive on the 2nd?
KODA received a SOC1 Type 2 certification report from Samil PwC for its digital asset custody services. The certification verifies internal control systems covering cold room operations, wallet management, access controls, and physical security facilities.
What security infrastructure does KODA operate for digital asset custody?
KODA operates cold wallets isolated from external internet, FIPS 140-2/140-3 certified hardware security modules (HSM), multi-signature wallet systems, and cold rooms equipped with fireproof safes, EMP shielding, automatic fire suppression, UPS, and access control systems.
