Exchanges· ★★· neutral·

BACKSEAT becomes first Japanese crypto exchange to obtain SOC 2 Type 1 custody report

  • —The SOC 2 Type 1 report covers security, availability, processing integrity, confidentiality and privacy
  • —BACKSEAT says it is the first Japanese crypto exchange to obtain such a report
  • —The firm is preparing custody services for crypto ETFs expected in Japan from January 2028
  • —BACKSEAT acquired exchange coinbook in February 2025
Why it matters: The attestation strengthens BACKSEAT's bid to become a custodian for Japan's future crypto ETFs and sets a benchmark for the local market.
Source: CoinDesk Japan
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