In a groundbreaking development, , the Singapore-based digital asset custody and wallet infrastructure provider, has achieved a significant milestone by acquiring the prestigious Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA). This landmark achievement solidifies Liminal’s position as a trusted and compliant custodian of digital assets in the rapidly evolving Middle East market.
The Power of Regulatory Compliance in Digital Asset Custody
Mahin Gupta, the visionary founder of , emphasized the importance of this achievement, stating, “The ADGM FSP license serves as a powerful validation of our commitment to compliance in the digital asset custody space. We are confident that this achievement will further empower us to deliver best-in-class custody solutions and wallet infrastructure to our clients, ensuring the continued security and integrity of their digital asset holdings.”
The acquisition of the FSP license is a testament to Liminal’s dedication to upholding the highest regulatory standards in digital asset custody. By operating within the framework set by the , Liminal demonstrates its commitment to providing secure and compliant solutions for the safekeeping of digital assets.
Expanding Digital Asset Custody Horizons in the Middle East Market
With the FSP license in hand, is now poised to operate as a regulated custodian within the ADGM and the broader Middle East market. This expansion opens up a world of opportunities for Liminal to serve a wider range of institutions seeking secure and compliant digital asset custody solutions for safeguarding their valuable digital assets.
The Middle East market has emerged as a hub for financial innovation, with the at the forefront of fostering a conducive environment for the growth of the digital asset custody industry. Liminal’s presence in this dynamic market positions the company to play a pivotal role in shaping the future of digital asset custody and wallet infrastructure in the region.
The Symbiosis of Regulation and Innovation in Digital Asset Custody
Liminal firmly believes that a robust regulatory framework, coupled with continuous innovation, is the cornerstone for building a secure and thriving digital asset custody ecosystem. By adhering to stringent regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation allows it to develop cutting-edge digital asset custody solutions and wallet infrastructure that address the evolving needs of the digital asset landscape.
Amir Tabch, CEO of Liminal Custody Middle East, remarked, “By equally valuing regulatory compliance and technological progress in digital asset custody, we aim to equip institutions with the confidence to explore the digital asset realm, tapping into its vast, transformative potential. This milestone is a springboard for Liminal’s continued growth and a significant contribution towards the digital asset custody industry’s maturity.”
ADGM’s Vision Aligns with Liminal’s Mission in Digital Asset Custody
Arvind Ramamurthy, Chief of Market Development at , commended Liminal’s achievement, stating, “Liminal’s focus on regulatory compliance and innovative solutions in the space of digital asset custody aligns with ADGM’s vision for fostering a dynamic and trusted financial ecosystem that prioritizes upholding the highest standards of security and innovation.”
The alignment between vision and mission creates a powerful synergy that promises to drive the growth and adoption of digital asset custody solutions in the Middle East market. By working hand in hand with regulatory authorities like ADGM, Liminal is setting a new standard for the industry, demonstrating that compliance and innovation in digital asset custody can coexist and thrive.
About Liminal Custody Solutions
is a global leader in providing secure, compliant, and insured digital asset custody and wallet infrastructure solutions. Since its launch in April 2021, Liminal has achieved impressive certifications, including:
- CCSS Level 3
- SOC Type 2
- ISO 27001 & 27701
With operations spanning across APAC, MENA, and Europe, Liminal supports over 50 leading businesses across nine regions, offering digital asset custody for more than 1,200 tokens and serving over 50 million users worldwide.
The Road Ahead for Digital Asset Custody in the Middle East Market
As embarks on this new chapter, armed with the prestigious FSP license, the company is well-positioned to revolutionize the digital asset custody landscape in the Middle East market and beyond. By prioritizing regulatory compliance and technological advancement, Liminal is paving the way for institutions to confidently explore the vast potential of digital assets, ultimately contributing to the maturity and growth of the entire industry.
The future looks bright for as it continues to expand its presence in the Middle East market, forge strategic partnerships, and deliver innovative digital asset custody solutions and wallet infrastructure that empower institutions to navigate the exciting world of digital assets with confidence and ease. With the support of forward-thinking regulatory bodies like the , Liminal is poised to make a lasting impact on the digital asset custody landscape, driving the industry towards a more secure, compliant, and accessible future.
Vasilii Zakharov
The recent acquisition of the Liminal Custody license of the ADGM FSP license is an important step forward for the company and a positive signal for the broader digital asset landscape.This license underscores Liminal Custody’s commitment to regulatory compliance and strengthens its position as a leading provider of secure digital asset solutions.
The ADGM FSP license awarded by the Abu Dhabi Global Market is a testament to Liminal Custody’s robust security protocols and commitment to transparency. This recognition further enhances the credibility of Liminal’s services by providing institutional investors and other stakeholders with additional assurance regarding the security of their digital assets.
This development is particularly effective in light of the growing interest in institutional investments in digital assets. With this license, Liminal Custody is positioned to meet the growing demand for secure and appropriate storage solutions in this rapidly evolving market.This move strengthens Liminal Custody’s leadership position in the industry and signals a future where secure and regulated custody solutions will be crucial for continued growth and adoption of digital assets.