Introducing the Rekt Test

New industry initiative to make blockchains more secure and resilient.

The continued growth of the digital asset ecosystem means security exploits are becoming more costly than ever before. Industry participants need to take a security-first approach to protect consumers and the ecosystem as a whole. At Anchorage Digital, security has been foundational since the very start, allowing us to safeguard billions of dollars in digital assets for some of the biggest institutional names in finance. That is why today, we are proud to join a consortium of industry-leading firms in announcing the Rekt Test, a new initiative to make blockchains more secure and resilient.

Much like crypto itself, the Rekt Test is driven by consensus among industry members that new blockchains need a better approach to security. Earlier this year, I joined a group of blockchain security and policy experts from across the industry to identify ways we can work together to protect consumers and prevent attacks and security exploits. Together, we developed the Rekt Test as the first in a series of industry initiatives aimed at preventing, mitigating, and responding to security exploits on-chain.

The Rekt Test is a simple, 12-question guide that blockchain developers can use to assess the maturity of the overall security program of their project. Designed as a starting point for informed discussion on blockchain security, the Rekt Test provides a framework for developers to determine if their project:

  • Is ready for launch;
  • Contains basic safeguards against attackers and scammers; and
  • Complies with best practices for access control, custody and key management, and safety against other vectors for attacker exploits.    

The Rekt Test will not prevent all exploits—blockchain protocols, DeFi projects, and other industry participants still need sound architecture, rigorous auditing, and proper security controls. Nonetheless, the Rekt Test is designed as an out-of-the-box tool that provides clear Web3 security guidance for blockchain projects, drawing on industry best practices.  

While the Rekt Test helps teams assess the security posture of their projects, at Anchorage Digital, we also believe blockchain organizations should take the critical step in protecting treasury assets with a qualified custodian that utilizes the technologies of air-gapped hardware security modules (HSMs) to protect all digital wallet keys.

As an industry leader in security and custody with the only federally chartered crypto bank, Anchorage Digital is trusted by leading protocols for pre-launch support, post-mainnet scaling, treasury management, team distributions, governance, staking, and access to institutions. Helping to develop the Rekt Test marks the latest in our commitment to provide innovative blockchain projects with the best in safety and security.

Anchorage Digital is proud to serve as a partner for protocols as we work together to advance a safer, more secure digital asset ecosystem. If you would like to learn more about how Anchorage Digital provides the secure infrastructure and regulatory certainty that protocols need for sustainable growth, please get in touch.

About Anchorage Digital

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the only federally chartered crypto bank in the US, as well as Anchorage Digital Singapore, which offers equivalent security and service standards, Anchorage Digital provides institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Founded in 2017, Anchorage Digital is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. Headquartered in San Francisco, California, Anchorage Digital is remote-friendly with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at, on Twitter @Anchorage and on LinkedIn.

This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

Additional reading

Eight Questions: CJ Jouhal, Head of Engineering, Anchorage Digital
Serving Institutional Crypto Needs With Anchorage Digital
Eight Questions: Moses Lee, Head of Asia, Anchorage Digital Singapore
EDX Markets Selects Anchorage Digital as Custody Provider for New Clearinghouse Business
The Lifecycle of Staked ETH
Eight Questions: Lincoln Bartlett, CFA, Head of Trading, Anchorage Digital