Liminal Custody Obtains Key License from ADGM FSP, Reinforcing Leadership in Digital Asset Custody by Chainwire

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

Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, today announced a landmark achievement: the acquisition of the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA) Financial Services Permit (FSP). (ADGM). This prestigious license is an important milestone in Liminal's journey as it solidifies 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 to safeguard their valuable digital assets. In particular, the license gives Liminal the ability to operate as a regulated custodian in the Middle East, a rapidly growing financial center. This expansion expands Liminal's reach and allows it to serve a broader range of clients seeking the best digital asset custody solutions.

Build trust through regulatory compliance

Mahin Gupta, founder of Liminal Custodyexpressed his satisfaction with the achievement and stated: “We are honored to receive the ADGM FSP license. This achievement represents the culmination of significant effort on behalf of our entire team, all dedicated to maintaining the highest regulatory standards. Building trust within the digital sector The rapidly evolving asset industry 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 allow us to offer the best custody. solutions to our clients, ensuring the continued security and integrity of their digital assets.”

The symbiosis of compliance and innovation

The digital asset industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to encourage long-term stability and widespread adoption. Liminal believes that a strong regulatory framework, combined with continuous innovation, is the cornerstone to building a safe and thriving digital asset ecosystem. By adhering to strict regulations, Liminal ensures the security of clients' assets, while its unwavering commitment to innovation allows it to develop cutting-edge solutions that address the changing 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 the Liminal achievement, Arvind Ramamurthy, Head of Market Development at ADGM, said: “We congratulate Liminal on completing its licensing process and receiving the required FSRA Financial Services Permit (FSP) from ADGM. Liminal's focus on regulatory compliance and innovative solutions in the digital asset space aligns with ADGM's vision of fostering a dynamic and trustworthy financial platform ecosystem that prioritizes maintaining the highest standards of security and innovation We look forward to witnessing Liminal's contribution to the growth of the digital asset industry in Abu Dhabi and beyond. there”.

Amir Tabch, CEO of Liminal Custody Middle East and Senior CEO of First Answer Middle East Limited, a category 3C ADGM regulated entity, commented: “Obtaining the ADGM FSP license is a clear indicator of Liminal's fierce dedication to compliance and innovation. This achievement not only positions us at the forefront of digital asset custody, but also signals our critical role in its future evolution. By equally valuing regulatory compliance and technological progress, we aim to equip institutions with the confidence to explore the realm of digital assets, harnessing its vast transformative potential. This milestone is a springboard for Liminal's continued growth and a contribution. significant to the maturity of the digital assets industry.”

About liminal custody

Liminal is a secure and compliant digital asset custody and wallet infrastructure provider that provides MPC wallets and multi-signature wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 and 27701 certified organization. Liminal is headquartered in Singapore, with operations spread across APAC MENA and Europe, as well as offices in Singapore, India and the United Arab Emirates Joined.

Liminal is proud to support businesses with its qualified and insured digital asset custody platform, enabling stress-free custody 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)

Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi, the capital of the United Arab Emirates, opened its doors on October 21, 2015. Established by a UAE Federal Decree as a comprehensive financial center, ADGM enhances Abu Dhabi's stature as a global business and trade hub. It serves as a strategic connector between the flourishing 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 is made up of four independent authorities: the ADGM Authority, the ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority. As IFC, ADGM governs the 114 hectares (1.14 square kilometers) of Al Maryah Island, a designated free financial zone.

ContactSr. Manager – Public Relations and CommunicationsAkansha SharmaLiminal Custody[email protected]

This article was originally published on Chainwire.