Liminal Custody Solutions (Liminal), the fastest-growing digital asset custody and wallet infrastructure provider in the APAC and MENA region, today announced a major milestone: achieving General Data Protection Regulation (GDPR) compliance. This accomplishment underscores the company's unwavering commitment to data security and user privacy, setting a new standard for trust and transparency in the rapidly evolving digital asset ecosystem. Achieving this standard with an unqualified opinion serves as third-party industry validation that Liminal (First Answer Pte Ltd) provides enterprise-level security for customer’s data secured in Liminal’s System.A Commitment to Responsible Data Practices:Dhruvil Shah, SVP of Technology at Liminal said, “Liminal's GDPR compliance is not just a legal obligation, but a reflection of our core values. We recognize the sensitive nature of user data and are committed to upholding the highest standards of data protection. This commitment is further substantiated by Prescient Assurance LLC, confirming our adherence to established data security and privacy practices.”Introducing GDPR-Aligned Wallet Infrastructure:Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organisation. Taking user privacy a step further, Liminal is now proud to offer GDPR-aligned wallet infrastructure. This means users can enjoy the added protection of personal and financial data under stringent and established regulatory practices. Our GDPR-aligned wallets incorporate features such as:?   Enhanced data control: Users have complete control over their personal data.?   Transparency by design: Clear and concise information is provided on how data is collected, used, and stored.?   Robust security measures: Industry-leading security protocols and technologies safeguarding user data.Significance of GDPR Compliance and Aligned Infrastructure:The digital asset industry is characterised by rapid innovation and evolving regulations. Achieving GDPR compliance and offering GDPR-compliant wallets establishes Liminal as a trusted provider, particularly for institutions and individuals seeking a secure and compliant environment for their digital assets. This milestone solidifies Liminal's position as a leader in fostering trust and transparency within the industry.Liminal remains committed to upholding the highest standards of data security and privacy. The company will continue to invest in compliance efforts and adapt its practices to evolving regulations, ensuring a secure and trustworthy environment for its users.

Liminal Custody Solutions (Liminal), a digital asset custody and wallet infrastructure provider in the APAC and MENA region has announced the appointment of Amir Tabch as its CEO for the Middle East region. Tabch, a seasoned financial services executive and fintech pioneer, brings over two decades of experience in leading and scaling businesses across traditional and digital asset markets.Mr. Tabch joins Liminal Custody Solutions from Copper Securities (formerly Securrency Capital) in the Abu Dhabi Global Market (ADGM). As Chairman and CEO, he played a pivotal role in establishing the company, securing regulatory approvals, and driving high-profile fundraising activities. Prior to that Mr. Tabch held senior leadership positions at SC Meta Markets, Emirates Investment Bank, and First Abu Dhabi Bank, where he honed his expertise in global markets, multi-asset trading, and regulatory compliance. "We are thrilled to welcome Amir to Liminal Custody Solutions," said Mahin Gupta, Founder of Liminal Custody Solutions. "His extensive experience in navigating complex regulatory environments, coupled with his proven track record of building and growing successful businesses, will be invaluable as we expand our global footprint and solidify our position as the trusted partner for digital asset custody in the Middle East." "I am excited to join Liminal Custody Solutions at this pivotal time in the digital asset industry," said Mr. Tabch. "The Middle East represents a tremendous opportunity for growth, and I am confident that Liminal's innovative custody solutions and commitment to regulatory compliance will be instrumental in unlocking the full potential of this market. I look forward to working with the Liminal team to build a robust and secure infrastructure for institutional investors in the region." Mr. Tabch's appointment is part of Liminal's strategic expansion in the Middle East and expansion of its custody offerings. The company 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. The company also recently welcomed Satya Venkata Chalapathi as Vice President of Risk & Compliance and Ajit Thakur as Head of Custody Operations to its regional team. Their combined expertise in digital asset security and operational excellence will further strengthen Liminal's capabilities in the region.

Dubai: Liminal, the fastest-growing digital asset custody and wallet infrastructure provider, has 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 partnership aligns seamlessly with both companies' goals. Liminal's expertise in secure custody solutions, supporting over 50+ businesses and 20+ chains, perfectly complements Encryptus's robust crypto-to-fiat off-ramp capabilities. This collaboration will enable Liminal users to seamlessly convert their digital asset treasury into fiat currencies, facilitating business payments in 54 countries and individual payments in 80+ countries to bank wires and mobile wallets (e-wallets)In 2023, Liminal 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. This partnership can be considered as a step forward in expanding its base in the middle east region.This collaboration is poised to yield several key benefits:Enhanced Clientele Access for Encryptus: 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.Expanded Business Opportunities for Liminal: Liminal can now 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. Simplifying Crypto Transactions: By simplifying complex compliance challenges and streamlining digital to fiat asset conversions, this collaboration makes crypto a more accessible and user-friendly asset for businesses worldwide in a more regulated and in a compliant way. Manhar Garegrat, Country Head India & Global Partnerships at Liminal said, “We are delighted to partner with Encryptus, a company that shares our commitment to security, compliance, and innovation. This collaboration will undoubtedly enhance our ability to provide cutting-edge solutions to our clients globally."Encryptus CEO Shantnoo Saxsena said: "The partnership with Liminal marks a strategic move towards offering a comprehensive fiat off-ramp solution to Liminal's customers. Encryptus is committed to empower their partners to offer Crypto <> Fiat services in a secure and in a compliant way. We are really excited to be a part of Liminal’s ecosystem"This strategic alliance signifies a major leap forward in bridging the gap between traditional and crypto finance. Liminal and Encryptus 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.

Authored By Manhar Garegrat, Country Head, India & Global Partnerships, Liminal - Custody Solutions The transformative power of digital technologies is reshaping how we perceive and manage assets. At the forefront of this revolution is asset tokenization, a concept poised to revolutionize issuance, ownership, transfer, and management of tokenized assets. This innovative approach involves representing real-world assets, from real estate to intellectual property, as digital tokens on a blockchain network. These tokens act as digital proof of ownership, enabling secure and efficient transactions within the global financial ecosystem. Critical to the success of this transformation are the underlying infrastructure of smart contract, digital asset custody and wallet infrastructure platforms. These platforms provide the foundational infrastructure for the secure storage and transfer of these valuable tokens, ensuring the integrity of the tokenization process. The Promise of Secure Storage & TransferDigital asset custody is the safekeeping and management of digital assets, employing robust security measures like multi-signature wallets and advanced encryption techniques. This fortification protects assets from unauthorized access and loss, instilling confidence among investors and promoting wider adoption of digital asset tokenization. Efficient transfer of digital assets is a crucial aspect of tokenization, enabling seamless transactions across borders and platforms. Custody platforms leverage blockchain technology for real-time asset transfers, eliminating intermediaries and reducing transaction costs. This not only accelerates settlement times but also enhances liquidity for investors. Real-Time settlements, clearing & custody/storageDigital asset tokenisation introduces real-time settlements, a departure from traditional systems with lengthy clearing processes. Blockchain enables instantaneous transactions, eliminating intermediaries and reducing counterparty risks. This capability revolutionizes finance, offering unprecedented speed and efficiency. Clearing, the verification and finalization of transactions, benefits from blockchain's immutable record, ensuring transparency and reducing errors. This automated clearing process streamlines tokenization, appealing to both institutional and retail investors. Custodial storage safeguards digital assets, ensuring their security. Custody platforms provide secure solutions, including advanced encryption and multi-signature wallets. This commitment to security fosters trust among investors, encouraging participation in the tokenisation ecosystem. Growing adoption of tokenisation in money markets and treasuriesThe trend of tokenisation is gaining momentum in money markets and treasuries, particularly among asset managers and issuers. This growing adoption underscores tokenisation's ability to streamline asset management, enhance yield generation, and improve overall market liquidity. As more financial entities recognise the benefits, the broader financial ecosystem stands to gain from increased efficiency and transparency. Real-Time settlement and clearing: A transformative impactTokenisation's impact on settlement and clearing processes is transformative. Leveraging blockchain technology enables real-time transaction execution, eliminating the need for intermediaries. This not only significantly reduces settlement times but also lowers associated costs. The efficiency gains translate into a more agile and responsive financial system, benefiting both investors and market participants. Emerging role of digital asset custody platformsIn the realm of tokenized assets, digital asset custody platforms like Liminal play a crucial role in safeguarding and managing assets. These platforms provide secure storage solutions, employing advanced security protocols and multi-signature wallets to protect assets from unauthorized access and loss. As custodians of trust, these platforms contribute to the broader adoption of tokenisation by ensuring the security and integrity of digital assets. Collaboration between traditional banks and Web3 playersThe collaboration potential between traditional banks and web3-focused players is substantial in driving further innovation and adoption of tokenization. Traditional banks bring stability, regulatory expertise, and access to institutional investors. On the other hand, web3 players contribute technological agility, community engagement, and a profound understanding of decentralized finance (DeFi) principles. While several major banks, including JPMorgan Chase, Citigroup, BNY Mellon, UBS, and Standard Chartered, are venturing into this space, highlighting the growing demand for digital asset solutions and the commitment of traditional banks to financial innovation; there is a strong need for collaborative efforts to create a synergistic ecosystem that combines regulatory compliance with technological innovation. Key themes emerging in tokenisation and real-world asset spaceSeveral key themes are shaping the tokenization and real-world asset (RWA) landscape: ?     Growing Focus on Professionally-Managed Products: The industry is witnessing a shift towards professionally-managed tokenized products, indicating a maturation in the market. ?     Increasing Adoption of Digital Asset Mechanics: The embrace of digital asset mechanics is becoming more pronounced, reflecting a broader acceptance of the digitisation of financial instruments. ?     Exploration of Alternative Product Strategies: Innovations such as Hamilton Lane's digitally-native private equity share classes showcase the industry's exploration of alternative product strategies, offering new avenues for investment and liquidity. Digital asset trends in 2023: A glimpse into the financial futureThroughout 2023, there was a sustained presence of significant trends in the digital asset space across both retail and institutional sectors. The year maintained the momentum seen in 2022 concerning investment banking activities, as major financial institutions, including Goldman Sachs, UBS, HSBC, and ABN AMRO, actively engaged in the issuance of digital bonds. Illustratively, Goldman Sachs, after hinting at a $104 million European Investment Bank (EIB) pilot, formally introduced the Goldman Sachs Digital Asset Platform (GS DAP) in January 2023, following HSBC's launch of the Orion platform two months prior. GS DAP took the lead in orchestrating the issuance of a $102 million digital Green Bond in collaboration with the Hong Kong Monetary Authority (HKMA). Anticipations are high for additional issuances involving actively participating banks like Societe Generale, EIB, Santander, and Union Investment. Noteworthy is Union Investment's acquisition of 15 additional basis points ($156,000) as the primary buyer of Goldman's inaugural EIB issuance. This trajectory is projected to gain momentum with larger-scale issuances and the comprehensive implementation of end-to-end digital processes, including onboarding, servicing, and management. ConclusionDigital asset tokenisation is set to revolutionize asset ownership, transfer, and management. As traditional banks and new-age web3-focused players converge, their collaboration will create a thriving tokenisation ecosystem. Traditional banks provide stability and regulatory expertise, while web3-focused players bring innovation and a deep understanding of decentralization. By collaborating effectively, these two groups can build a vibrant tokenisation landscape that benefits all stakeholders. With growing adoption in money markets and treasuries, real-time settlement efficiencies, and the emerging role of digital asset custody platforms, the trajectory of tokenisation is set for continued growth and impact on the financial landscape.