Liminal Custody, renowned for its digital asset custody and wallet infrastructure offerings, has achieved a significant milestone by attaining the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

This notable license acquisition stands as a momentous achievement in Liminal's journey, emphasizing its staunch commitment to regulatory conformity and innovation within the fast-evolving digital asset domain. The FSP license positions Liminal as a trusted custodial partner for institutions seeking secure and compliant solutions to safeguard their valuable digital assets. Noteworthy is the authorization that Liminal holds to function as a regulated custodian within the Middle East, an area emerging as a pivotal financial hub. This strategic expansion bolsters Liminal's capability to cater to a broader clientele base, offering top-tier digital asset custody solutions.

Expressing his delight over this accomplishment, Mahin Gupta, the Founder of Liminal Custody, articulated, "We are privileged to have received the ADGM FSP license. This achievement signifies the culmination of remarkable effort from our entire team, all dedicated to upholding the highest regulatory standards. Fostering trust within the digital asset industry, undergoing rapid evolution, remains a core objective of our mission. The ADGM FSP license stands as a robust validation of our commitment to compliance. We are confident that this milestone will further empower us to deliver premium custody solutions to our clients, ensuring the ongoing security and integrity of their digital asset holdings."

Amidst the exponential growth experienced by the digital asset sector and the rising demand for regulatory transparency to foster long-term stability and mainstream acceptance, Liminal believes that a robust regulatory framework combined with continuous innovation is imperative for cultivating a secure and flourishing digital asset ecosystem. By adhering rigorously to regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation drives the development of state-of-the-art solutions tailored to address the evolving needs of the digital asset landscape. This dual approach, which prioritizes regulatory compliance alongside technological advancement, positions Liminal as a frontrunner in the digital asset custody domain.

Arvind Ramamurthy, Chief of Market Development at ADGM, extended congratulations to Liminal on this achievement, remarking, "We applaud Liminal on successfully completing its licensing process and securing the necessary Financial Services Permission (FSP) from the FSRA of ADGM. Liminal's focus on regulatory adherence and innovative solutions within the digital asset sphere aligns with ADGM's vision, centered around fostering a dynamic and trusted financial ecosystem that upholds the highest standards of security and innovation. We anticipate witnessing 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, emphasized, "Securing the ADGM FSP license unmistakably demonstrates Liminal's unwavering dedication to compliance and innovation. This feat not only positions us at the vanguard of digital asset custody but also signals our pivotal role in its future evolution. By giving equal weight to regulatory compliance and technological progress, we strive to equip institutions with the confidence to explore the digital asset realm, tapping into its vast transformative potential. This milestone serves as a launchpad for Liminal's continued expansion and a substantial contribution toward the maturity of the digital asset industry."

Liminal, established as a compliant and insured digital asset custody and wallet infrastructure provider, offers both MPC wallets and multi-sig wallets. With certifications such as CCSS Level 3, SOC Type 2, and ISO 27001 & 27701, Liminal operates across APAC, MENA, and Europe, maintaining offices in Singapore, India, and the UAE. The company is renowned for its provision of a qualified and insured digital asset custody platform, ensuring secure storage of digital assets for businesses. Liminal's cutting-edge wallet infrastructure platform, characterized by its security, compliance, and automation features, boasts a plug-and-play architecture that expedites the onboarding process for developers, business partners, and government bodies.

ADGM, the Abu Dhabi Global Market, serves as an international financial center situated in Abu Dhabi, the capital city of the United Arab Emirates. Established under a UAE Federal Decree, ADGM enhances Abu Dhabi's global standing as a trade and business hub, acting as a strategic connector between the burgeoning economies of the Middle East, Africa, South Asia, and the rest of the world. Governed by four independent authorities—the ADGM Authority, ADGM Courts, FSRA, and the Registration Authority—ADGM oversees the 114-hectare expanse of Al Maryah Island, a designated financial free zone. Leveraging Abu Dhabi's strengths in private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, and sustainability, ADGM champions a dynamic and trusted financial ecosystem that prioritizes security and innovation.