An external assessment is an evaluation performed by an independent third party to review the security, compliance, or operational integrity of a digital asset system or project. This independent review provides an objective perspective on potential vulnerabilities, adherence to regulatory standards, or the effectiveness of internal controls. External assessments can include security audits of smart contracts, financial audits of crypto funds, or legal opinions on token classifications. They aim to build trust and reduce risk for stakeholders.
Context
External assessments are increasingly important for digital asset projects seeking to gain credibility, attract institutional investment, and satisfy regulatory requirements. The demand for independent security audits of smart contracts, in particular, is high due to the immutable nature of blockchain code. News often reports on the outcomes of such assessments, influencing market perception and highlighting the industry’s drive towards greater transparency and accountability.
Hong Kong's SFC streamlines the licensing path for new Virtual Asset Trading Platforms while simultaneously planning new regimes for VA custody and OTC trading.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
