Block Earner Achieves SOC 2 Type 1 Attestation, Strengthening Trust in Crypto-Backed Lending

Block Earner has achieved SOC 2 Type 1 attestation, an independent, US-recognised security standard, adding to the ISO/IEC 27001 certification it secured in May. Together, these milestones give customers and partners independent assurance that Australia's home of crypto-backed loans is supported by independently assessed security controls.

SOC 2 (System and Organization Controls 2) is a widely recognised attestation standard developed by the American Institute of Certified Public Accountants (AICPA). It evaluates how a company manages data based on Trust Services Criteria, including security, availability and confidentiality.

A SOC 2 Type 1 attestation confirms that an organisation's security controls are appropriately designed at a specific point in time. SOC 2 is widely recognised in North America, while ISO/IEC 27001 is an internationally recognised information security standard. Block Earner's SOC 2 Type 1 attestation was independently issued by Sensiba, covering security, availability and confidentiality for our software-as-a-service system.

We're not stopping there. SOC 2 Type 2, which tests those controls in operation over an extended period, is the next step on our roadmap.

Block Earner is the home of crypto-backed loans in Australia, letting individuals and businesses borrow Australian dollars against their cryptocurrency, without selling it. Independent attestation means you don't have to take our word for our security; an independent auditor has examined our controls.

Block Earner combines multiple independent security, regulatory and operational credentials:

SOC 2 Type 1 — independent US-recognised attestation of our security controls (security, availability and confidentiality).

ISO/IEC 27001 certification — an internationally recognised standard for information security management, achieved last quarter.

Australian Credit Licence (ACL) — Block Earner is the first AUSTRAC registered crypto company in Australia to secure an ACL, the same Australian credit licensing framework that applies to licensed consumer lenders.

AUSTRAC registration — registered as a Digital Currency Exchange and Independent Remittance Provider, meeting Australia's anti-money-laundering and counter-terrorism-financing obligations.

Sumsub — an all-in-one suite for Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML).

Award-winning crypto loans — Winner of Excellence in Consumer Lending at the 2026 Finnies, FinTech Australia's national awards, alongside back-to-back wins in 2024 and 2025 for Excellence in Distributed Ledger, Blockchain and Crypto.

Achieving SOC 2 Type 1 is a key milestone for Block Earner as an Australian crypto lender. US partners and enterprise customers increasingly treat SOC 2 as essential, not optional, and pairing it with ISO/IEC 27001 positions Block Earner to meet the expectations of international markets while continuing to serve Australian borrowers.

It also reflects how the company operates day to day. Going through a rigorous attestation process surfaces opportunities to do things better, and then actually do them, which helps strengthen our internal security practices.

If you're holding Bitcoin, Ethereum or XRP and want to unlock value without selling, Block Earner offers fast, flexible crypto-backed AUD loans, backed by independently attested security and an Australian Credit License.

What is SOC 2 Type 1? SOC 2 Type 1 is an independent attestation, based on standards from the American Institute of Certified Public Accountants (AICPA), that confirms an organisation's security controls are appropriately designed at a point in time.

Is Block Earner safe to use? Block Earner holds SOC 2 Type 1 attestation and ISO/IEC 27001 certification for information security, operates under an Australian Credit Licence, and is registered with AUSTRAC. It is also the 2026 Finnies winner for Excellence in Consumer Lending.

What is the difference between SOC 2 Type 1 and Type 2? Type 1 assesses whether security controls are properly designed at a specific point in time. Type 2 assesses whether those controls operate effectively over an extended period. Block Earner holds Type 1 and is pursuing Type 2.

Does Block Earner have an Australian Credit Licence? Yes. Block Earner is the first AUSTRAC registered crypto company in Australia to be granted an Australian Credit Licence.

Disclaimer: *Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689. The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk. Crypto-backed loans carry real risks. The value of your crypto can fall sharply, rapidly increasing your LVR and reducing any initial buffer. This may require you to add security or repay part of the loan and could result in some or all of your crypto being sold.

Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689. Winner of 2024 Finnies Excellence in Blockchain/Distributed Ledger, 2024 Blockies Financial Services Innovator of the Year, and 2025 Finnies Excellence in Web3 (Blockchain or Crypto). Winner of the 2024 WeMoney Lending Innovation of the Year award for our Crypto-backed Loans. NB: These awards are for Block Earner's full suite of products and not specifically the Crypto-Backed Loans product.