The infamous problem statement for mainstream Web3 Institutions revolves majorly around two principal fundamentals:
- To custom build a secure and compliant wallet backend
- To solve the wallet governance and private key management
Unlike a user-centric wallet management experience, Institutions have to go through a long list of checkpoints and standards to solve the underlying question of how to secure digital assets and be efficient at it to serve the user better. For every different digital asset use case, wallet and custody requirements change rapidly, posing a serious challenge to build a comprehensive framework that allows Institutions to achieve the status quo of being a trustable and progressive organization. To instigate a shift in developing custody infrastructure and standardizing how security and compliance standards are met by Web3 protocols, we bring a Whitelabel solution to cater to enterprises who are – either building full-fledged digital asset native applications or looking to extend support to digital assets in their more traditional asset ecosystem.
The Need for Customized Custody Solutions
Web3 institutions operate in a dynamic and rapidly changing landscape, with a diverse range of digital assets under their management. From cryptocurrencies to non-fungible tokens (NFTs) and DeFi tokens, the assortment of assets demands specialized custodial services tailored to each asset’s unique characteristics. Traditional custodial services follow a standardized approach that may not align with the specific needs of Web3 institutions. These services often lack the required flexibility, leading to potential inefficiencies and security vulnerabilities in managing digital assets. Highly customized custody solutions empower Institutions to tailor custody processes according to the nature of each digital asset. This level of personalization ensures enhanced security, efficient management, and better control over the assets, reducing the risk of unauthorized access and potential losses.
Liminal Brings An Empowering Whitelabel Custody Infrastructure
Having built separate applications for wallet security, distributed ownership, compliance checks and policy-based transaction execution, it made all the sense to consolidate all these functionalities in a Whitelabel setting, enabling a simpler deployment point for Institutions, holistically. Liminal’s Whitelabel Custody Solution offers a game-changing opportunity for Web3 institutions to establish their own branded and fully customizable custody platforms. This solution empowers institutions to retain complete control over digital asset management while ensuring adherence to stringent security and compliance standards.
An Overview Of Our Whitelabel Infrastructure
1. Tailored Custody Platform
With Liminal’s White Label Solution, Web3 institutions can build a custody platform tailored to their needs. From user interface design to security protocols, every platform aspect can be personalized to align with the institution’s vision and brand identity.
2. Strengthened Security Measures
Security is at the core of Liminal’s White Label Solution. Institutions can leverage Liminal’s advanced technology and encryption measures to fortify their custody infrastructure, safeguarding digital assets from potential threats and unauthorized access.
3. Regulatory Compliance
Compliance with global regulatory frameworks is a top priority for Web3 institutions. Liminal’s White Label Custody Solution ensures adherence to anti-money laundering (AML) and know-your-customer (KYC) requirements and travel rule checks, fostering trust and confidence among stakeholders.
4. Seamless Integration
Implementing a new custody solution should be a smooth and seamless process. Liminal’s White Label Solution offers easy integration with existing platforms, minimizing disruptions and streamlining operations.
5. Unmatched Flexibility
Web3 institutions operate in a rapidly changing environment. Liminal’s White Label Solution allows for flexibility and scalability, enabling institutions to adapt quickly to market trends and evolving customer needs.
6. Round-the-Clock Support
Liminal understands the importance of uninterrupted services in the digital asset space. The White Label Solution comes with dedicated support and assistance, ensuring institutions can access expert guidance whenever needed.
Hot and Cold Wallets: Balancing Convenience and Security
We are making on-chain and off-chain movement of assets convenient by installing an intersection between Hot & Cold Wallets. Institutions generally look to move their assets from Hot to Cold and vice-versa based on their deposit and withdrawal requests, limiting on-chain asset treasury, coupling it with MPC-led transaction initiation and signing experience and creating a policy-led flow of assets. We have curated all of these requisites and more into our Whitelabel solutions, providing deeper activity through different wallet configurations and modernizing the wallet management system by Institutions to increase their security, efficiency and balancing needs.
Custodial and Non-Custodial Solutions: A Comprehensive Approach
Our Whitelabel solution caters to diverse Institutional preferences( those who are well-versed in digital asset management and those who aren’t) by fostering a common platform to access custodial and non-custodial wallet infrastructure. In our custodial setup, we are modifying how anyone can integrate their own digital asset custody business using our pre-made whilelabel solution. Our Whitelabel custody solution comes with top-notch security, private key management and recovery module, most upgraded compliant framework, providing a one-stop solution to create an extensive custody application. Furthermore, we also provide a Whitelabel custody manager(admin panel) to manage transactions and customer organisations. This simplifies expanding digital asset services for organizations that haven’t got the right expertise to add security, protect private keys and optimize wallets. As for our non-custodial setup, we cater an ideal approach that lets protocols launch self-custody-focused wallets, enabling features like Automation(Smart Refill, Auto Sweep & Smart Consolidation), Cold Wallet Staking for secure asset capitalization and Gas Fees Saver algorithms to save up to 15% transaction costs. Our non-custody solution will provide businesses full control over their assets, allow them to create custom workflows through pre-coded policies, and share transaction processing permissions via MPC to ensure instrumental utility in their wallet.
Time To Build A Secure and Accessible Wallet Platform Is Now
In this crypto-verse, safeguarding digital assets is a paramount concern. It comes with all kinds of settings and modules, which can be too technical to implement or too narrow to trust. At Liminal, we are building the right infrastructure applications to offer an all-encompassing, secure, and user-friendly platform for managing digital assets. By integrating hot and cold wallets, leveraging MPC technology, and providing both custodial and non-custodial solutions, our solution empowers users with peace of mind, knowing that their digital assets are safe and readily accessible. We are stepping out to invite Web3 Institutions to join us in this parade and align themselves in an industry-grade and even an industry-leading whitelabel wallet solution to embark on a journey of secure, compliant and efficient asset management.