Liminal Custody Solutions, the provider of digital asset custody and wallet infrastructure solutions, has acquired a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) and Financial Services Regulatory Authority (FSRA).
Mahin Gupta, Founder of Liminal, said, “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 their digital asset holdings’ continued security and integrity.”
Liminal will now be able to operate as a regulated custodian within the Middle East. It can now be a trusted partner for institutions seeking to secure compliant solutions safeguarding their valuable digital assets. The expansion also broadens Liminal’s reach and allows it to serve a wider range of audiences.
Amir Tabch, CEO of Liminal Custody Solutions Middle East and Senior Executive Officer of the Category 3C ADGM-regulated entity First Answer Middle East Limited, said, “. 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.”
The company noted that its team believes in a robust regulatory framework that should be coupled with innovation. This, in turn, can build a secure, thriving digital asset ecosystem. The team added that Liminal follows stringent regulations to ensure the safety and security of the client assets.
This two-pronged approach—prioritising regulatory compliance and technological advancement—positions Liminal as a leader in digital asset custody.
Arvind Ramamurthy, ADGM’s Chief of Market Development, said, “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 prioritises upholding the highest standards of security and innovation. ”
