Liminal, the Singapore-headquartered digital asset custody and wallet infrastructure provider, with major presence in the UAE, announced a strategic partnership with Dubai-based Encryptus, a pioneer in providing comprehensive fiat off-ramp solutions.
This collaboration aims to transform the digital asset space by offering a compliant and consolidated pathway for institutions to convert crypto to local currencies seamlessly.
The tie-up will enable Liminal users to seamlessly convert their digital asset treasury into fiat currencies, facilitating business payments in 54 countries and individual payments in more than 80 countries to bank wires and mobile wallets (e-wallets).
Digital asset custody and wallet infrastructure provider said its partnership aligns seamlessly with that of Encryptus, as its expertise in secure custody solutions, supporting over 50 businesses and 20 chains, perfectly complements Encryptus’ robust crypto-to-fiat off-ramp capabilities.
The strategic tie-up with Encryptus follows the Singapore-based digital asset management platform announcing late last year the grant of an in-principle approval (IPA) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a custody provider for virtual assets.
The latest partnership with Encryptus will be a step forward for Liminal in expanding its base in the Middle East region.
Manhar Garegrat, Country Head India and Global Partnerships at Liminal said the collaboration will undoubtedly enhance the company’s ability to provide cutting-edge solutions to its clients globally.
“We are delighted to partner with Encryptus, a company that shares our commitment to security, compliance, and innovation,” he said.
Shantnoo Saxsena, CEO at Encryptus said the partnership with Liminal marks a strategic move towards offering a comprehensive fiat off-ramp solution to Liminal’s customers.
This strategic alliance signifies a major leap forward in bridging the gap between traditional and crypto finance.
By partnering with Liminal, Encryptus gains access to a diverse client base seeking secure and compliant crypto-to-fiat solutions. This expands their market reach and allows them to cater to the specific needs of Liminal’s clients.
It will also provide expanded business opportunities for Liminal, enabling the company to offer extended service to its existing clients by integrating Encryptus’s off-ramp solutions, enabling direct crypto-to-fiat transfer right from their Vaults app.
Liminal and Encryptus said they are committed to revolutionizing the industry by delivering innovative solutions that meet the evolving needs of the digital asset landscape.
By joining forces, they pave the way for a future where crypto becomes a readily accessible and valuable tool for businesses worldwide.
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