According to an official release, Liminal, a digital asset custody and wallet infrastructure provider, announced 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.
“Recognising the escalating demand for secure custody services in the MENA region, we took this strategic step to cater to the industry’s evolving needs. The IPA marks a significant leap forward in our mission to provide institutional-grade custody services for the digital asset industry. We are genuinely thrilled to contribute to the growth of this emerging market,” Manan Vora, senior VP, strategy and business Operations, Liminal, explained.
Liminal acknowledges FSRA’s regulatory framework, rules and regulations, audit process, and unwavering professionalism, fostering innovation while ensuring consumer protection and market integrity. Clients can expect state-of-the-art security protocols, multi-signature authentication, cold storage facilities, and round-the-clock customer support to ensure the utmost protection of their digital assets.
“It’s truly impressive to witness Liminal’s dedication to regulatory compliance and their unwavering service to the digital asset industry. Our joint efforts in undergoing stringent screening procedures and audits have culminated in a significant milestone with the issuance of the IPA,” Jehanzeb Awan, founder, CEO, J. Awan and Partners, concluded.