- Regulatory Compliance Ready: Proactively securing ISO certifications positions CoinDCX to meet current and future data protection and privacy regulatory demands, enhancing user trust and confidence.
- International Growth Preparedness: With 15 million registered users on its Exchange and 6 million on the Okto Wallet, CoinDCX Group is poised for substantial growth in global markets, particularly in Europe & MENA, where strict data privacy measures are crucial.
Chennai, December 11, 2024 – CoinDCX and Okto are proud to announce the achievement of two new ISO certifications: ISO/IEC 27001:2022 and Privacy – ISO/IEC 27701:2019 for their respective technology infrastructure through its service provider CDCX Technologies pvt ltd. This makes it one of the few Indian crypto exchanges and Web3 companies to attain these standards. At CoinDCX & Okto, security, and privacy are core pillars, and these certifications underscore the company’s commitment to safeguarding users’ assets and personal data. This milestone enhances the credibility of the CoinDCX exchange and Okto Wallet and strengthens the trust of its customers and partners.
“CoinDCX and our DeFi wallets are gaining international recognition, and we are well-positioned for substantial growth. Many markets, especially in Europe & MENA, demand strict data security and privacy measures, and with our ISO Security & Privacy Certifications, we are fully equipped to meet those expectations. Trust is earned, and we have built it through consistent compliance, strong security, and seamless operational processes. As we enter the next phase of growth, our focus remains on delivering exceptional value to our customers. Achieving these ISO certifications for security and privacy is a key milestone for us,” said Sumit Gupta, Co-Founder of CoinDCX.
Why Are ISO Certifications Critical for Crypto Exchanges and DeFi Wallets?
Information Security Management System – ISO/IEC 27001:2022
Exchanges that prioritize the security of user funds must obtain ISO Certifications. These certifications establish a strong information security framework that enables efficient management of cyber threats and effective responses to evolving security risks, ensuring robust protection of user assets.
Privacy Information Management System – ISO/IEC 27701:2019
Many countries already have robust data protection and privacy laws in place, and at CoinDCX, we firmly believe that India will soon follow a similar regulatory path. To stay ahead of these anticipated developments, we have proactively secured ISO certifications, ensuring that we are fully prepared for compliance. This positions us to meet both current and future regulatory requirements, while also reinforcing the trust our users place in us.
Sridhar Govardhan, Head of Information Security at CoinDCX & Okto, said, “Achieving the ISO certifications marks a significant milestone in our commitment to building a security framework that is at par with global standards. We’ve invested heavily in a robust, multi-layered security approach that combines advanced technology, stringent processes, and continuous training. These certifications, earned after a thorough external audit of our security and privacy management systems, are a testament to our dedication to safeguarding the customers, while consistently maintaining the highest international standards.”
As the VDA and Web3 landscape continues to evolve, CoinDCX and Okto remain committed to leading with the highest security standards, regulatory adherence, and user data safeguarding. The company will continue to foster a culture of security and privacy awareness, ensuring that every employee understands their role in protecting user data and maintaining the integrity of the platform.
About CoinDCX
Established in 2018, CoinDCX is the largest crypto exchange in India, trusted by over 15 million registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets. We prioritize user safety and security, strictly adhering to KYC and AML guidelines.
CoinDCX’s Web3 arm Okto Chain is leveling up chain abstraction by building a fully expressive orchestration layer.
Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets. CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.
At CoinDCX, we are leading India towards the decentralized future of Web3 with an unwavering commitment to safety, simplicity, and compliance.
About Okto:
Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets.
With support for multiple chains and access to over 100 protocols, Okto offers a seamless experience for users to participate in various DeFi activities.This innovative super app offers an array of exclusive features, including the Quest Centre for curated quests and exclusive airdrops, a New Tokens Hub for fast access to the latest tokens and crypto, opportunities to earn passive income, and the ability to collect NFTs representing meaningful moments and experiences.
Okto is backed by investors such as Steadview, BCap, Coinbase Ventures , Pantera, Bain Capital Ventures, among others.
