Liminal acquires Financial Services Permission 13 May 2024UAE Reporter: Jack McRae
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Liminal Custody Solutions has acquired a Financial Services Permission (FSP) licence from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
The FSP licence allows the digital asset custody and wallet infrastructure provider to operate as a regulated custodian within the Middle East.
Mahin Gupta, founder of Liminal, says: "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.”
Arvind Ramamurthy, chief of market development at ADGM, adds: “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.”
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