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

(Press release – Abu Dhabi, Abu Dhabi, May 14, 2024)

Border guardingABC, a leading provider of digital asset custody solutions and wallet infrastructure, announced today a historic milestone in the acquisition of a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (FSRA) on the Abu Dhabi Global Market (ADGM). . This prestigious license is a major milestone in Liminal’s journey, reinforcing its commitment to regulatory compliance and innovation in the thriving digital asset space.

Acquiring FSP makes Liminal a trusted partner for organizations looking for secure and compliant solutions to protect their valuable digital assets. It is worth noting that the license gives Liminal the ability to act as a regulated custodian in the Middle East region, which is a rapidly growing financial center. This expansion expands Liminal's reach and allows it to serve a broader range of clients looking for best-in-class digital asset custody solutions.

Building trust through regulatory compliance

Maheen Gupta, Founder, Liminal CustodyHe expressed his satisfaction with this achievement, saying: “We are honored to obtain the ADGM FSP license. This achievement represents the culmination of the great effort of our entire team, all of whom are committed to upholding the highest regulatory standards. Building trust in the digital assets industry, which is witnessing rapid development, is one of the fundamental principles.” TO OUR MISSION The ADGM FSP license is a strong validation of our business Commitment to compliance. We are confident that this achievement will enable us to provide the best custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings.

Symbolizes compliance and innovation

The digital assets industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to promote long-term stability and mainstream adoption. Liminal believes that a strong regulatory framework, when combined with continuous innovation, is the cornerstone of building a safe 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 meet 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 digital asset custody.

Commenting on Liminal's achievement, Arvind Ramamurthy, Head of Market Development at Abu Dhabi Global Market, said: “We congratulate Liminal on completing the licensing process and obtaining the required Financial Services Permit (FSP) from the Financial Services Regulatory Authority of the Abu Dhabi Global Market. Liminal’s focus on regulatory compliance and innovative solutions in the digital asset space is in line with ADGM’s vision to foster a dynamic and trusted financial ecosystem that prioritizes To support the highest standards of security and innovation we look forward to seeing Liminal's contribution to the growth of the digital assets industry in Abu Dhabi and beyond.

Amir Tabsh, CEO of Liminal Custody Middle East and Senior Executive Director of ADGM Class 3C regulated entity, First Answer Middle East Limited, said: “Obtaining the ADGM FSP license is a clear indication of Liminal’s strict commitment to compliance and innovation. This achievement not only puts us at the forefront Custody of digital assets But it also points to our pivotal role in its future development. By equally assessing regulatory compliance and technological advancement, we aim to provide organizations with the confidence to explore the digital assets space, and leverage its enormous transformative potential. This achievement serves as a springboard for Liminal's continued growth and a significant contribution to the maturity of the digital assets industry.

About border nursery

Liminal is a compliant and secured digital asset custodian and wallet infrastructure provider that provides both MPC wallets And multi-signature wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2, ISO 27001 and 27701 certified organisation. Liminal is headquartered in Singapore, with operations across the Asia Pacific, MENA and Europe regions, with offices in Singapore, India and the UAE.

Liminal is proud to support businesses with a qualified and secured digital asset custody platform, which enables stress-free custody of digital assets for organizations. Liminal also provides a cutting edge Wallet infrastructure The platform is secure, compatible, automated and comes with plug-and-play architecture for faster onboarding for developers, business partners and government agencies.

About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM), an international financial center located in Abu Dhabi, the capital of the United Arab Emirates, opened for business on October 21, 2015. Established by a federal decree of the United Arab Emirates as a comprehensive financial center, ADGM strengthens Abu Dhabi's position As a global center for trade and business. It serves as a strategic link between the thriving economies of the Middle East, Africa, 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 others. It consists of four independent authorities: the Abu Dhabi Global Market Authority, the Abu Dhabi Global Market Courts, the Financial Services Regulatory Authority, and the Registration Authority. As an international financial institution, ADGM manages the entire 114 hectares (1.14 km2) of Al Maryah Island, a designated financial free zone.