Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody

Abu
Dhabi,
Abu
Dhabi,
May
14th,
2024,
Chainwire

Liminal
Custody,
a
leading
provider
of
digital
asset
custody
and
wallet
infrastructure
solutions,
announced
a
landmark
achievement
today,
the
acquisition
of
Financial
Services
Permission
(FSP)
from
the
Abu
Dhabi
Global
Market
(ADGM)
Financial
Services
Regulatory
Authority
(FSRA).
This
prestigious
license
is
a
significant
milestone
in
Liminal’s
journey,
solidifying
its
commitment
to
regulatory
compliance
and
innovation
within
the
burgeoning
digital
asset
space.

Obtaining
the
FSP
positions
Liminal
as
a
trusted
partner
for
institutions
seeking
secure
and
compliant
solutions
for
safeguarding
their
valuable
digital
assets.
Notably,
the
license
grants
Liminal
the
ability
to
operate
as
a
regulated
custodian
within
the
Middle
East,
a
rapidly
growing
financial
hub.
This
expansion
broadens
Liminal’s
reach
and
allows
it
to
serve
a
wider
range
of
clientele
seeking
best-in-class
digital
asset
custody
solutions.

Building
Trust
Through
Regulatory
Compliance

Mahin
Gupta,
Founder
of
Liminal
Custody,
expressed
his
satisfaction
with
the
achievement,
stating,
“We
are
honored
to
receive
the
ADGM
FSP
license.
This
accomplishment
represents
the
culmination
of
significant
effort
on
behalf
of
our
entire
team,
all
dedicated
to
upholding
the
highest
regulatory
standards.
Building
trust
within
the
digital
asset
industry,
which
is
undergoing
rapid
evolution,
is
a
core
tenet
of
our
mission.
The
ADGM
FSP
license
serves
as
a
powerful
validation
of
our commitment
to
compliance.
We
are
confident
that
this
achievement
will
further
empower
us
to
deliver
best-in-class
custody
solutions
to
our
clients,
ensuring
the
continued
security
and
integrity
of
their
digital
asset
holdings.”

The
Symbiosis
of
Compliance
and
Innovation

The
digital
asset
industry
is
experiencing
exponential
growth,
with
a
corresponding
demand
for
regulatory
clarity
to
foster
long-term
stability
and
mainstream
adoption.
Liminal
believes
that
a
robust
regulatory
framework,
when
coupled
with
continuous
innovation,
is
the
cornerstone
for
building
a
secure
and
thriving
digital
asset
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
solutions
that
address
the
evolving
needs
of
the
digital
asset
landscape.
This
two-pronged
approach
–
prioritizing
both
regulatory
compliance
and
technological
advancement
–
positions
Liminal
as
a
leader
in
the
digital
asset
custody
space.

Commenting
on
Liminal
achievement, Arvind
Ramamurthy,
Chief
of
Market
Development
at
ADGM
said: ”
We
congratulate
Liminal
on
completing
its
licensing
process
and
receiving
the
required Financial
Services
Permission
(FSP)
from
the
FSRA
of
ADGM.
Liminal’s
focus
on
regulatory
compliance
and
innovative
solutions
in
the
space
of
digital
assets
aligns
with
ADGM’s
vision
for
fostering
a
dynamic
and
trusted
financial
ecosystem
that
prioritizes
upholding
the
highest
standards
of
security
and
innovation.
We
look
forward
to
witness
Liminal’s
contribution
to
the
growth
of
the
digital
asset
industry
in
Abu
Dhabi
and
beyond.”

Amir
Tabch,
CEO
of
Liminal
Custody
Middle
East
and
Senior
Executive
Officer
of
the
Category
3C
ADGM-regulated
entity
First
Answer
Middle
East
Limited,
remarked: “Earning
the
ADGM
FSP
license
is
a
clear
indicator
of
Liminal’s
ironclad
dedication
to
compliance
and
innovation.
This
achievement
not
only
positions
us
at
the
forefront
of digital
asset
custody but
also
signals
our
pivotal
role
in
its
future
evolution.
By
equally
valuing
regulatory
compliance
and
technological
progress,
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
industry’s
maturity.”

About
Liminal
Custody

Liminal
is
a
compliant
and
insured
digital
asset
custody
and
wallet
infrastructure
provider
that
provides
both MPC
wallets and
multi-sig
wallets.
Launched
in
April
2021,
Liminal
is
a
CCSS
Level
3,
SOC
Type
2
and
ISO
27001
&
27701
certified
organization.
Liminal
is
based
in
Singapore,
has
operations
spread
across
APAC
MENA
and
Europe,
along
with
offices
in
Singapore,
India
and
UAE. 

Liminal
takes
pride
in
supporting
businesses
with
their
qualified
and
insured
digital
asset
custody
platform,
which
enables
stress-free
safekeeping
of
digital
assets
for
institutions.
Liminal
also
provides
a
cutting
edge wallet
infrastructure platform
that
is
secure,
compliant
and
automated
and
comes
with
a
plug-and-play
architecture
for
faster
onboarding
of
developers,
business
partners
and
government
agencies. 

About
Abu
Dhabi
Global
Market
(ADGM) 

The
Abu
Dhabi
Global
Market
(ADGM),
an
international
financial
center
(IFC)
located
in
Abu
Dhabi,
the
capital
city
of
the
United
Arab
Emirates,
opened
for
business
on
21
October
2015.
Established
by
a
UAE
Federal
Decree
as
a
comprehensive
financial
center,
ADGM
enhances
Abu
Dhabi’s
stature
as
a
global
trade
and
business
hub.
It
serves
as
a
strategic
connector
between
the
burgeoning
economies
of
the
Middle
East,
Africa,
and
South
Asia,
and
the
rest
of
the
world.

ADGM’s
strategy
leverages
Abu
Dhabi’s
key
strengths
in
areas
such
as
private
banking,
wealth
management,
asset
management,
derivatives
and
commodities
trading,
financial
innovation,
sustainability,
and
more.
It
comprises
four
independent
authorities:
the
ADGM
Authority,
ADGM
Courts,
the
Financial
Services
Regulatory
Authority,
and
the
Registration
Authority.
As
an
IFC,
ADGM
governs
the
entire
114
hectares
(1.14
square
kilometers)
of
Al
Maryah
Island,
a
designated
financial
free
zone.

Contact

Sr.
Manager
–
PR
&
Communications
Akansha
Sharma
Liminal
Custody
[email protected]