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Press Release : https://markets.businessinsider.com/news/currencies/liminal-custody-crosses-100-billion-in-total-transaction-volume-1035900967

Liminal has processed over $100 billion in total on-chain digital asset transaction volume since inception, across 20+ blockchains and nearly 5 million transactions. Annual volume grew 2,000% over the past two years. Monthly volume doubled in January 2026 alone. The platform serves 80+ institutional clients in 12 countries. The majority of volume is denominated in USDT and USDC, processed by cross-border payment companies, exchanges, OTC desks, and institutional treasury operators.

The digital asset industry has crossed an inflection point. In 2026, the question is no longer whether institutions will adopt digital assets. The question is whether their infrastructure can handle the scale.

Today, Liminal Custody officially surpasses $100 billion in total transaction volume processed through our digital asset infrastructure platform. This milestone is more than a number. It is proof that institutional-grade crypto custody infrastructure, built to the standards that banks, payment companies, and liquidity providers demand, is no longer aspirational. It is operational.

By the Numbers

• $100B+ in total on-chain transaction volume since inception
• ~5 million total transactions processed
• 20+ blockchains supported from a single platform
• 80+ institutional clients across 12 countries
• 2,000% annual volume growth over the past two years
• 100% month-on-month volume increase in January 2026
• $11.9B peak monthly volume in October 2025
• $72B annual transaction volume in 2025, up from $1.4B in 2022 (50x growth)
• 130+ employees across Singapore, India, UAE, and Taiwan
• ISO 27001 & ISO 27701 certified

The Shift to Institutional Scale: What $100 Billion Actually Means

The digital asset landscape has undergone a structural transformation. The industry has moved from a speculative era to what market participants now call the Institutional Scale era, a phase where digital assets are embedded in everyday financial applications, corporate treasury strategies, and cross-border settlement infrastructure.

Liminal Custody’s $100 billion milestone reflects this maturation directly. The volume we process does not come from retail speculation. It comes from fintech operators, payment infrastructure providers, and large-scale exchanges that require the same reliability from their digital asset custody platform as they expect from their core banking rails.

For context, the global digital asset custody market is projected to reach $834 billion in 2026 as institutional investment deepens and regulatory frameworks provide clearer operating parameters. Liminal’s growth is both a reflection of and a contributor to that expansion.

2,000% Volume Growth: The Acceleration Behind the Milestone

The most significant growth has been concentrated in the last two years, where annual volumes surged approximately 2,000%.

In January 2026 alone, monthly transaction volume increased by 100% over the prior month, demonstrating the high-throughput capabilities our institutional clients require as they shift from pilot deployments to full-scale production.

This kind of acceleration is characteristic of infrastructure businesses at the point of institutional adoption. Once enterprise clients commit to a custody and wallet infrastructure provider, transaction volumes compound quickly as they consolidate operations, expand product lines, and onboard downstream users.

Who Is Moving $100 Billion Through Liminal Custody?

The profile of institutions using Liminal has evolved significantly over the past two years. Today, our platform serves as the core engine for:

• Cross-Border Payment Companies: Using stablecoin rails for real-time settlement across corridors where traditional correspondent banking is slow or costly.
• Liquidity Providers and OTC Desks: Requiring secure, programmable wallet infrastructure with granular policy controls to manage large-volume digital asset flows.
• Large-Scale Exchanges and Fintechs: Needing enterprise custody infrastructure capable of handling high transaction throughput without compromising on security or auditability.

This shift mirrors the broader 2026 convergence of traditional finance and decentralized finance. Institutions are no longer choosing between the two. They are building operations that span both.

Why USDT and USDC Dominate Liminal Custody’s Transaction Volume

The composition of Liminal Custody’s transaction volume tells an important story about where institutional digital asset activity is concentrated.

The majority of volume processed through our platform is denominated in USDT and USDC, the two largest stablecoins by circulation and usage. This is not incidental. Stablecoins have become the functional settlement layer for global digital commerce.

Global stablecoin transaction volume reached $33 trillion in 2025, up 72% year-over-year, according to Bloomberg citing Artemis Analytics.

As stablecoins serve as the internet’s dollar, used for real-time settlement, treasury optimization, payroll, and B2B payments rather than speculative trading, the custody infrastructure underpinning those flows becomes mission-critical. For institutions building on stablecoin rails, the security and programmability of their custody infrastructure is not a secondary concern. It is the foundation of their entire operational model.

The Five Pillars of Liminal Custody’s Institutional Security Model

At $100 billion in processed volume, infrastructure is continuously stress-tested by market volatility, chain congestion, and operational complexity. Liminal Custody’s security architecture is built around five core pillars designed to meet the standards institutional operators require.

• 1. Pre-Execution Transaction Transparency: Operators can simulate transactions and view fully decoded transaction details, including state changes, before signing. This eliminates blind execution risk and gives compliance and operations teams the visibility they need to operate confidently at scale.
• 2. Blind Signing Prevention: Liminal Custody uses signer-verifiable hashes to prevent transaction manipulation and operational errors before they reach the signing layer. In a high-volume institutional environment, this is not optional. It is a foundational control.
• 3. Policy Enforcement via the Liminal Firewall: The Liminal Firewall enables organizations to configure and enforce transfer policies across teams, wallets, and workflows. Standardizing safe behavior at the policy layer, rather than relying on manual review, is how institutional operators maintain control without sacrificing throughput.
• 4. Operational Automation for Gas and Wallet Management: Automated gas management and refill mechanisms reduce manual operational load and keep wallet exposure within defined parameters. For high-volume operators, manual gas management introduces risk and operational friction that compounds at scale.
• 5. Enterprise-Grade Disaster Recovery: Liminal Custody provides robust recovery tooling for both MPC (Multi-Party Computation) and multisig custody models. Enterprise clients require continuity guarantees that go beyond standard wallet backup procedures. Our disaster recovery architecture is built to meet that bar.

The Road to the Next Trillion: Stablecoin Infrastructure at Scale

The milestone we mark today is a waypoint, not a destination.

The stablecoin market is projected to reach $2 trillion by 2028, driven by expanding use cases in cross-border payments, DeFi protocol liquidity, corporate treasury management, and regulated stablecoin issuance across major jurisdictions.

As that market grows, the demand for secure, programmable, and compliance-ready digital asset custody infrastructure will grow with it. Liminal Custody’s roadmap is focused on three areas that will define institutional stablecoin infrastructure over the next 24 months:

• Stablecoin Liquidity Management: Giving treasury operators the tools to manage multi-chain stablecoin balances, automate sweep and sweep-back logic, and optimize for yield and settlement efficiency.
• Programmable Treasury Workflows: Enabling institutions to build automated payment and settlement workflows on top of custodied assets without sacrificing security controls.
• Regulatory-Ready Infrastructure: As stablecoin regulation matures across the US, EU, and major APAC jurisdictions, Liminal Custody is building the compliance architecture that regulated institutions will require to deploy stablecoin treasury strategies at scale.

Want to learn how Liminal Custody powers institutional digital asset infrastructure at scale? [Get in touch with our team]

Frequently Asked Questions

What is Liminal’s total transaction volume?

Liminal has processed over $100 billion in total on-chain transaction volume since inception, across 20+ supported blockchains. This represents nearly 5 million individual transactions, with a single-month peak of $11.9 billion in October 2025.

Did Liminal’s volume hold up during the crypto market downturn?

Yes. Despite the broader crypto market declining 23.7% in Q4 2025, with Bitcoin falling over 30% from its October peak, Liminal’s platform maintained consistent transaction volume. This resilience reflects the nature of Liminal’s customer base: stablecoin-native operators whose volumes are driven by real economic activity rather than price speculation.

Why does Liminal focus on stablecoin infrastructure?

Stablecoin transaction volumes have grown independently of crypto price cycles because they serve genuine operational needs: cross-border B2B settlement, treasury management, and real-time liquidity. Global stablecoin transaction volume reached $33 trillion in 2025, up 72% year-over-year, according to Bloomberg citing Artemis Analytics. Liminal’s infrastructure is purpose-built for these high-throughput, always-on stablecoin operations.

Who does Liminal serve?

Liminal serves 80+ institutional clients across 12 countries, including cross-border payment companies, stablecoin operators, large-scale exchanges, liquidity providers, OTC desks, hedge funds, market makers, corporate treasuries, asset managers, and government bodies. These organizations use Liminal as their core digital asset infrastructure for production-scale operations.

What security certifications does Liminal hold?

Liminal holds ISO 27001 (information security management) and ISO 27701 (privacy information management) certifications, CCSS Level 3 certification, and SOC 2 Type I and II audit status, with 24/7 SOC monitoring. Key security features include MPC-based wallet governance, the Liminal Firewall for transaction screening and anomaly detection, AML and Travel Rule compliance via TRM Labs and Notabene integrations, off-balance sheet asset storage, no rehypothecation, and institutional-grade asset insurance coverage.

How fast has Liminal grown?

Liminal has grown 50x in annual volume from 2022 to 2025, from $1.4 billion to $72 billion per year. Transaction volume has compounded year over year as institutional clients move from early pilots to full production deployment.

What is the Liminal Firewall?

The Liminal Firewall is a configurable policy enforcement layer that standardizes safe transaction behavior across teams. It allows institutions to set transfer policies governing how transactions are approved and executed, enforcing governance controls at the transaction layer without slowing operations.

What blockchains does Liminal support?

Liminal supports 20+ blockchains managed from a single platform. USDT and USDC dominate the asset mix, reflecting the platform’s primary use cases in stablecoin cross-border payments, treasury management, and real-time settlement.

How big is Liminal’s team?

Liminal has grown to 130+ employees, with significant headcount in engineering, security, and infrastructure. The company is headquartered in Singapore with offices in India, UAE, and Taiwan.

What is the projected size of the digital asset custody market?

The global digital asset custody market is projected to reach $834 billion in 2026. The stablecoin market alone is projected to potentially reach $2 trillion by 2028.

What is stablecoin’s opportunity in cross-border payments?

Stablecoins currently represent a small fraction of the global cross-border payments market, estimated at approximately $20 trillion for B2B flows alone. Industry projections suggest stablecoins could handle 5–10% of all cross-border payments by 2030, equivalent to $2.1–4.2 trillion annually. Liminal’s infrastructure is built to serve this growing demand.