We're proud to announce that OpenZeppelin has successfully completed the SOC 2 Type 2 audit with a clean report, marking a significant milestone in our ongoing commitment to providing the highest standards of security and compliance. This achievement reinforces our position as a trusted partner for leading blockchain companies and financial institutions requiring institutional-grade security standards.
What SOC 2 Type 2 Means
SOC 2 (System and Organization Controls 2) is a rigorous compliance framework developed by the American Institute of Certified Public Accountants (AICPA) that evaluates how effectively organizations manage and protect customer data. The framework is built on five Trust Services Criteria:
- Security: Protection against unauthorized access and cyber threats
- Availability: Ensuring systems are operational and accessible when needed
- Processing Integrity: Complete, accurate, and authorized system processing
- Confidentiality: Protection of sensitive information
- Privacy: Personal information collection, use, and disclosure practices
Unlike SOC 2 Type 1, which provides a snapshot of controls at a specific point in time, SOC 2 Type 2 demonstrates that our security controls have been consistently and effectively implemented over an extended period. This independent third-party validation confirms that OpenZeppelin's operational practices meet the stringent requirements that institutional clients and partners expect.
Why This Matters for Leading Blockchain Companies and Financial Institutions
As blockchain technology becomes integral to global financial infrastructure, major blockchain companies and traditional financial institutions require partners who meet the same rigorous security standards that govern traditional finance. OpenZeppelin has long been at the forefront of smart contract security, with our libraries facilitating over $30 trillion in Total Value Transferred through OpenZeppelin Contracts. This SOC 2 Type 2 certification extends that commitment beyond our code to encompass our entire operational infrastructure.
This certification is particularly crucial for financial institutions and large-scale protocols that must demonstrate that their vendors have comprehensive risk management and compliance frameworks to regulators, auditors, and stakeholders.
What This Means for Our Clients
For major blockchain protocols and financial institutions working with OpenZeppelin, this certification provides:
Enhanced Trust and Confidence: Independent verification that our security practices protect your sensitive data and maintain system integrity throughout our engagement process.
Streamlined Vendor Assessment: Organizations can rely on our SOC 2 Type 2 report to satisfy internal compliance requirements and accelerate vendor approval processes.
Operational Excellence: Assurance that our security practices extend beyond our renowned smart contract expertise to encompass comprehensive data protection and system reliability.
Future-Ready Partnership: Confidence that OpenZeppelin maintains the institutional-grade standards necessary for long-term strategic relationships with major protocols and financial institutions as regulatory frameworks evolve.
Our Comprehensive Security Approach
The SOC 2 Type 2 certification complements OpenZeppelin's existing security initiatives:
- Industry-Leading Smart Contract Security: Our battle-tested libraries and security auditing services have facilitated over $30 trillion in Total Value Transferred through OpenZeppelin Contracts
- Open Source Commitment: Transparent, community-reviewed code that enables collective security improvements
- Continuous Security Research: Ongoing identification and mitigation of emerging threats in the blockchain space
- Educational Leadership: Security best practices training and resources for the developer community
Looking Forward
This certification is not a destination but a commitment to continuous improvement. We will undergo annual SOC 2 audits to ensure our security practices evolve alongside the rapidly changing threat landscape and regulatory environment.
As blockchain technology becomes integral to global financial infrastructure, OpenZeppelin remains dedicated to providing the security foundation that enables safe, widespread adoption by major protocols and financial institutions. Our SOC 2 Type 2 certification demonstrates that operational excellence and cutting-edge blockchain security can—and must—go hand in hand.
