Liminal Custody, a custody and wallet infrastructure platform for Web3-native institutions, is proud to announce that it has acquired the Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM).
The FSP license now allows Liminal Custody to operate as a regulated custodian within the ADGM and the Middle East market. The FSP license is a prestigious license defined under the Financial Services and Market Regulations Act 2015. It allows holders to conduct one or more regulated activities within the Middle East region.
Being granted the FSP license attests to Limanil’s commitment to regulatory compliance and user safety as it ventures into the innovational discovery of the digital asset industry. Notably, the license allows Liminal to expand its operations to serve a wider range of users in one of the rapidly growing financial spaces in the world.
Commenting on the license, Mahin Gupta, Founder of Liminal Custody, expressed his excitement with the achievement, stating:
“We are honored to receive the ADGM FSP license. This accomplishment represents the culmination of significant effort on behalf of our entire team, all dedicated to upholding the highest regulatory standards. 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 the continued security and integrity of their digital asset holdings.”
The Abu Dhabi Global Market (ADGM) is an international financial center in Abu Dhabi that was established by the UAE Federal Decree in 2015. Years later, it is a global trade and business hub under strict laws and regulations.
Liminal’s operations align with ADGM’s regulatory approach. The team believes regulation is key to fostering long-term stability and mainstream innovation adoption around digital assets. Reportedly, by merging regulations and technological advancement, Liminal will become a leader in the digital asset custody space.
Liminal is a CCSS Level 3 SOC Type 2 certified organization designed to empower Web3 institutions to manage their digital assets seamlessly with unparalleled security and compliance. Liminal offers both MPC wallets and multi-sig wallets. The platform has created applications that make it easier for its users to easily store, track, and transfer assets free from the current difficulties in the market. Liminal Custody has grown tremendously since its launch to over 50 leading businesses across nine regions. The platform offers support for over 1200 tokens with over and has over 50 million users across the globe.
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
