Liminal secures FSP license from FSRA in ADGM   Read more

Liminal raises a $4.7 million funding round, plans to upgrade the product, and expand the team

| November 17, 2023

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We are happy to announce our $4.7 million funding to build the most trusted, simple, and efficient digital custody platform for crypto-native businesses.

Started in April 2021 by serial entrepreneur Mahin Gupta, with prominent crypto start-ups like India’s first blockchain company BuySellBitco.in and the country’s largest exchange platform ZebPay under his belt, Liminal has achieved several breakthroughs in its first year of operations. Processed over $2.5 Billion worth of transactions, over $400 million in automated wallet refill processed, and it continues to manage $50 million worth of assets under protection.

Our mission at Liminal to provide simple, secure, and efficient digital asset custody has received a significant boost with marquee venture capital and angel investors coming on board. The list of investors joining us in the journey includes the likes of Elevation Capital, LD Capital, Woodstock, Nexus Ventures, CoinDCX, Hashed, Cadenza Ventures, Valud, Better Capital, and Sparrow Capital. Along with them, the list of angel investors includes, Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, and Ajeet Khurana, amongst others.

Unlock the potential of digital assets for your institution

Appreciating the Liminal team and their approach, Andreas Antonopoulos Tech entrepreneur, crypto educator, and evangelist @aantonop quoted

“The team at Liminal has an impressive record and extensive real-world experience in custody, key management, and security. Above all, they care about doing things the right way.”

We are offering an easy-to-use wallet infrastructure that provides both, Multisig and MPC to secure digital assets across multiple blockchain protocols. With our plug-and-play platform, exchanges can reduce their manual operations by ~90%, saving a lot of hours and resulting costs associated with the widely practiced manual refill process.

Secure and manage your digital assets with Liminal

Some of the key features that will accelerate business growth for our customers:

  • Wallet Architecture: MPC & MultiSig with Multichain support
  • Security: Customizable policies and transaction shield
  • Efficiency: Plug-and-play architecture and transaction confirmation guarantee
  • Fee Savings: ~5% gas fee savings on Ethereum
  • Premium Support: Concierge onboarding for developers
  • Insurance: Liminal key protected by Lloyds of London and $10Mm Smart Contract Cover
  • Regulations: CCSS-compliant platform with AML checks and travel rules. To be regulated by MAS and ADGM

Roadmap: Defi integration, Hot wallet as a service, Multichain withdrawals, and Stable coins rebalancing.

By assuring the safety of crypto assets, we encourage the growth of crypto-native businesses, including SMEs and web3 start-ups, helping them streamline their processes while reducing cost overheads. In addition, our collaboration with trusted global insurers for Liminal Key further enhances the safety of our customers’ funds while future-proofing our platform.

“Rapid adoption of digital assets is going to be driven by multiple new-age crypto businesses and institutions. These businesses are increasingly demanding plug-and-play custody solutions that are built taking their unique needs into account, including security, regulatory readiness, and operational efficiency. We have been very impressed with Mahin and his team’s customer obsession and knowledge of this space. We are thrilled to partner with Liminal on this journey,” said Vaas Bhaskar — Principal at Elevation Capital.

Supporting Clients Across Domains

Our list of customers includes exchanges, custodians, banks, trading desks, hedge funds, and more, with some of the well-known names in the industry like Zebpay, DIFX, and Flitpay leading the way. These numbers are set to rise as we work towards expanding our reach into APAC and MENA regions.

Himanshu Yadav, the founding partner at Woodstock expresses his confidence saying, “With a team of veterans that have already made waves in the Web3 landscape in the past, Liminal is bringing security and comfort to individual and institutional self-custody with its digital assets custody solution. We are delighted to support them in their journey to one of the most prominent names in the security and custody sector.”

Partner Programs

We have recently launched the Avalanche Partner program which offers unmatched benefits to launch your projects faster. You can read more about it here

The latest round of investment will help us scale the team and accelerate product development. We continue to evolve with the valuable support from our advisors and investors as we build the best digital custody platform.

Have you created a #LiminalSecure wallet yet? If not, try today

Keep an eye out on this space and follow our social media channels for product updates, educational content, and other important information.

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