Liminal Custody Solutions, the Singapore-headquartered leading provider of digital asset custody and wallet infrastructure solutions, announced receiving Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
The license grants the company the ability to operate as a regulated custodian within the Middle East, a rapidly growing financial hub.
This expansion will broaden Liminal’s reach and also allow it to serve a wider range of clientele seeking best-in-class digital asset custody solutions.
“This prestigious license is a significant milestone in our company’s journey, solidifying our commitment to regulatory compliance and innovation within the burgeoning digital asset space,” the company said in a media release.
Mahin Gupta, Founder of Liminal Custody Solutions, said the ADGM FSP license serves as a powerful validation of the company’s commitment to compliance.
“We are confident that this achievement will further empower us to deliver best-in-class custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings,” he said.
Arvind Ramamurthy, Chief of Market Development at ADGM 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 prioritizes upholding 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,” he said.
For Liminal, the grant of license comes at a time when the digital asset industry is experiencing exponential growth in the region, with a corresponding demand for regulatory clarity to foster long-term stability and mainstream adoption.
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