Binance Secures ISO IEC 42001 Certification For AI Systems

Binance, the world’s largest crypto exchange by users and trading volume, has earned the ISO/IEC 42001 certification, a global standard for responsible artificial intelligence (AI) governance. This certification highlights Binance’s commitment to ethical, transparent, and secure AI deployment across its operations.

ISO/IEC 42001, published in December 2023, is an international standard that specifies requirements for an Artificial Intelligence Management System (AIMS), guiding organizations in the responsible governance and management of AI technologies.

The certification covers both Binance's internal use of AI and the design, deployment, and management of AI systems throughout the company. It ensures that AI tools are applied responsibly, in compliance with international standards, and supports the secure development, deployment, and continuous monitoring of AI technologies, ensuring societal impacts and impacts on individuals and groups of individuals are assessed prior to deployment. By adopting this framework across the full AI lifecycle, Binance enhances the safety, reliability, and accountability of its AI systems, aligning with emerging regulations such as the EU AI Act.

Jimmy Su, Chief Security Officer at Binance, emphasized the company’s ongoing dedication to maintaining these standards: “ISO/IEC 42001 validates the structure we have built around responsible AI. Governance, in simple terms, means having clear rules and real oversight, but in practice it is about ensuring our AI behaves as intended even as it grows more complex. Our team supports this through thorough risk assessments, strong data protections, and continuous monitoring that keep our systems safe, predictable, and aligned with global standards.”

The ISO/IEC 42001 certification integrates seamlessly with Binance’s existing ISO programs, such as ISO 27001 for security, ISO 27701 for privacy and ISO 22301 for business continuity. By using a unified approach, Binance streamlines compliance and auditing processes while enabling efficient, scalable AI governance through familiar systems and clear team responsibilities.

“Achieving ISO/IEC 42001 certification reflects Binance’s strong commitment to responsible innovation,” said Richard Teng, Co-CEO of Binance. “Together with our recent full regulatory authorization from ADGM’s FSRA, it underscores the standards of governance and oversight we are building globally. As AI technologies evolve, we will continue to uphold the highest levels of transparency and user protection to strengthen trust across the Web3 industry.” 

The certification was awarded by A-LIGN, a trusted compliance assessor accredited by the ANSI National Accreditation Board (ANAB) to perform ISO/IEC 42001 certifications.