Brane Capital, a Crypto Custody Company, Recently Earned Cyber Security Recertifications as well as Smart Contract Validation
Brane Inc. | April 05, 2021
Brane Inc., a major cryptocurrency custody provider, has earned important cyber-security recertifications that validate the company's rigorous security and risk management procedures.
Brane completed third-party validation of its Ethereum smart contract code, the technology that drives non-fungible tokens (NFTs), by auditor Solidified, in addition to recertification at ISO 27001 and 27017 and NIST level 4 standards by audit and certification firm BSI.
"We are fully committed to security as our top priority, and these third-party certifications validate Brane as a world-class pioneer in secure cryptocurrency custody," said Chris Desjardins, Vice President, Product. "As cryptocurrencies grow more prevalent in the global economy, our clients and partners are certain that Brane is one of the most accredited, verified, and security-focused companies in the sector."
"Brane's key benefit is the blend of bank-grade security and cutting-edge technology, both built on a fundamental view of blockchain's unique opportunities and challenges," said Dave Revell, a Brane board member, and former EVP and Global Chief Information Officer for CIBC. "Brane has created a custody solution that satisfies the needs of banks and other financial institutions as cryptocurrency acceptance grows."
"Obtaining ISO and NIST certifications will take several years and millions of dollars for major businesses. Brane's fast completion of these certifications demonstrates the power of our blockchain-native technology and information security management systems "Brane's founder and Chief Innovation Officer, Patrick McLaughlin, made the announcement. "With this primary strategic advantage, Brane is the perfect partner for financial institutions looking for a truly safe, user-friendly solution for digital asset custody."
"As Brane becomes a bank for the world's newest asset class, security and accountability are woven into our company's DNA," said Brane President Jerome Dwight, who previously led Bank of New York Mellon's Canadian operations. "By combining an exceptional internal team with partnerships with other business players, Brane is committed to retaining its place of Canadian and global supremacy in crypto custody services."
Brane is a blockchain innovation company that was established in 2017. Brane assists companies in understanding and utilizing the potential of blockchain and digital assets. Brane Vault, the digital asset custody facility, is ISO 27001 certified – the first in the world with cryptocurrency in scope – ISO 27017 certified, and NIST Tier 4 certified – the first company in any industry in Canada to achieve such certification. Brane Vault provides advanced proprietary technology and processes for over 20 preliminary patents, as well as being fully insured from fraud and crime.