BitGet and security firm BlockSec have published the Security Standard, a framework designed to codify different levels of protection within universal exchanges. The standard establishes five benchmarks intended to provide ongoing, auditable assurance for platforms that combine cryptocurrencies, tokenized instruments, and real-world assets.
The UEX Security Standard was presented as a comprehensive framework that seeks to redefine how crypto platforms manage risk and trust. According to the joint announcement, the model is based on five interconnected components that aim to move from ad hoc controls to continuous and verifiable security, with a special emphasis on transparency and preventing contagion between different types of assets.
First, verifiable solvency through proof of reserves (PoR) shifts transparency from sporadic audits to near real-time cryptographic verification. This is complemented by multi-asset risk isolation, which adopts a logic similar to that of traditional finance by compartmentalizing crypto assets, tokenized securities, and stablecoins, with the goal of limiting chain reactions to adverse events.
Furthermore, the standard incorporates data protection and privacy in both on-chain and off-chain records, along with dynamic monitoring powered by artificial intelligence. The latter seeks to detect threats continuously and adaptively, while resilient application and infrastructure defense establishes security as a permanent design principle, not simply a list of requirements to be met.
The keys to the BitGet – BlockSec alliance
Within this framework, BitGet highlighted the support of a significant protection fund, which the company says maintains an average of $580 million to compensate users in the event of security incidents. BlockSec, for its part, acts as a technical audit partner, focusing on attacker-minded audits, chain reviews, and zero-day vulnerability detection, and claims to have mitigated over $20 million in losses from previous incidents.
The standard is integrated into BitGet’s Universal Exchange (UEX) model, conceived as a single platform that unifies crypto, ETFs, tokenized stocks, and real-world assets. With a reported user base of over 125 million, the company presents it as a large-scale testing environment.
From an institutional and regulatory perspective, the UEX Security Standard reinterprets established prudential principles within a blockchain environment. While it does not yet propose a formal regulatory framework, it does aim to reduce barriers to institutional entry by aligning crypto practices with TradFi risk controls. Looking ahead, its adoption could influence audit routines, custody agreements, and reporting requirements as the standard is translated into concrete operational controls.
