In a pipeline, the bucket building block creates a bucket pair with its own key for each tenant and hands over the credentials only at runtime, as described under Tenant pipelines. The credentials end up in the encrypted variables of the deployment.
Database dumps and bucket archives from offboarding are stored in your workspace’s backup bucket, see Managed databases.
Every bucket is backed up at night with Object Lock by the S3 backups, in a project of its own and a region you choose – with a monthly restore test and evidence for the compliance page.