Today, Cantina is proud to announce Coinbase as a key collaborator on the Web3SOC framework, a rigorous classification system designed to elevate institutional standards across decentralized finance.
What Web3SOC Brings to the Industry
Web3SOC offers a structured approach for assessing institutional readiness, covering operational, financial, security, and regulatory aspects. It serves as both a benchmarking tool for organizations and a due diligence framework for institutions entering DeFi.
Coinbase’s Role in Driving Industry-Wide Security and Trust
Coinbase’s involvement reinforces their commitment to advancing the industry as a whole. Through this collaboration, they’re helping in the adoption of standards that elevate security, transparency, and operational discipline industry-wide.
Deepening Collaborative Efforts
This milestone builds on previous collaborations on security efforts, where Coinbase and Cantina conducted high-signal security reviews, crowdsourced competitions, alongside the ongoing $5 million bug bounty program covering Coinbase’s onchain products and Base smart contracts. Coinbase’s commitment to Web3SOC will facilitate the secure onboarding of institutional capital.
Driving Industry Maturity and Trust
Web3SOC represents a turning point for Web3. By formalizing institutional requirements into a single framework, it reduces siloed diligence efforts and helps to accelerate the convergence between traditional finance and decentralized systems.
Organizations seeking to benchmark their readiness or institutions integrating DeFi solutions can rely on Web3SOC to act as an integer, actionable roadmap. With Coinbase’s collaboration, we will continue advancing the framework to lead the industry forward.
Get Started with Web3SOC
Institutions: Integrate Web3SOC into your due diligence process:
Organizations: Evaluate your institutional readiness:
Request your Web3SOC rating today
Web3SOC is designed to serve the entire ecosystem, reflecting a collective mindset to raise professional standards and secure the future of decentralized finance.