Liminal Custody Solutions has secured a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), making its recent big achievement that strengthens Liminal's position in the Middle East as a regulated custodian for digital assets.
This new license allows Liminal to provide enhanced security and compliance to institutions in the Middle East, seeking reliable digital asset custody solutions.
According to Mahin Gupta, founder of Liminal, the FSP is a testament to the company's dedication to upholding high regulatory standards and providing secure services amidst the rapidly evolving digital asset market.
"Obtaining the FSP license from ADGM not only validates our relentless commitment to compliance but also empowers us to better serve our clients by ensuring the safety and integrity of their digital asset investments," stated Gupta.
The addition of the ADGM license positions Liminal advantageously within a competitive and growing financial hub. It paves the way for broader client service capabilities and establishes the firm as a key player in the digital asset custody space.
The license is part of Liminal's broader strategy to integrate compliance with innovative custody solutions, fostering a secure environment for digital asset growth and investment.
Arvind Ramamurthy, Chief of Market Development at ADGM, commented on the milestone,
"Liminal's success in fulfilling the rigorous requirements for the ADGM FSP license aligns with our vision of creating a secure and progressive financial landscape in Abu Dhabi and beyond."
Conclusion
In summary, the digital asset industry continues to flourish, demanding robust regulatory frameworks to ensure long-term stability and consumer trust.
Liminal's achievement in securing the ADGM FSP license is a crucial step in its ongoing efforts to improve the infrastructure and trust necessary for the growth of digital assets in the region.
As the market for digital assets expands, Liminal's commitment to regulatory compliance and innovative solutions positions it as a leader in this dynamic sector.
