7 Tips for maintaining the safety of your crypto wallet

| November 17, 2023

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The booming crypto market continues to ride the waves of enduring popularity, exemplified by its impressive valuation of $1.69 billion on the global scale in 2021. It’s evident: despite its inherent volatility, the crypto market continues its expansion. However, this volatility should not be taken lightly. Investors must vigilantly monitor it to safeguard their investments from potential erosion.

Moreover, within the crypto industry, there are numerous other risks looming over crypto investors worldwide. This is why it is important for every crypto enthusiast to be well-informed about these risks and stay equipped to protect their digital assets.

So, what’s the optimal approach to maximize the returns on your cryptocurrency investment? Beyond securing your funds with a crypto wallet such as multisignature wallet, it’s equally crucial to ensure the robust security of your wallet itself. The guidelines presented in this article encapsulate some of the best practices that should be diligently followed.

Why are crypto wallets hard to handle or keep safe?

Certain cybercriminals and malefactors diligently search the internet for investors’ personal details, like phone numbers and email addresses. They exploit this information to persuade service providers to transfer the victim’s phone number to another device under their control. Once they’ve gained control of the phone number, they can reset the password and gain access to the victim’s cryptocurrency account, ultimately stealing their funds.

While there’s an inherent risk of falling victim to such tactics, you can take specific measures to bolster the security of your crypto wallet. Although there’s no foolproof solution, these seven tips and techniques can provide valuable guidance for newcomers in the world of blockchain cryptocurrency investing.

Steps to protect your crypto wallet

1)Use a Cold storage – Hardware Wallet

You don’t necessarily need to store your crypto 300 meters underground, but it’s advisable to maintain the majority of your holdings in a cold wallet or “cold” storage setup—meaning it’s kept offline and isolated. Only allocate an amount to exchanges and hot wallet or online wallets that you’re comfortable with potentially losing. You have a couple of options to achieve this level of security: 

Create an Air-Gapped Offline Setup: One method involves setting up an air-gapped computer by disconnecting the network card from your PC or laptop. You can use an operating system like TailsOS, designed for offline use. When generating your seed phrase, ensure that your hardware wallet is plugged into a secure network to minimize any exposure to online risks.

Invest in a crypto wallet hardware: Alternatively, you can purchase a hardware wallet designed specifically for secure cryptocurrency storage. These devices keep your keys offline, adding an extra layer of protection against cyber threats.

For added security measures: Be cautious about your digital footprint; consider covering the microphone and camera of your laptop to protect your privacy. Remove any electronic devices from the room where you’re working with sensitive web3 blockchain assets to minimize potential security risks.

2)Watch out for phishing scams

When interacting with blockchain and crypto wallet infrastructure, familiarize Yourself with potential threats. In today’s digital landscape, spoofed websites, which cunningly replicate legitimate ones, can appear virtually indistinguishable. It’s crucial to take extra precautions:

Verify URLs: Always double-check website URLs to confirm their authenticity. Better yet, safeguard yourself by bookmarking your cryptocurrency sites. For added security, note that MetaMask also helps by blacklisting MyEtherWallet clones.

Software Downloads: When obtaining software, especially for something as critical as cryptocurrency, verify its source and legitimacy. Even possessing a copy of Tails OS is futile if it’s been tainted with spyware.

Buy Directly from Manufacturers: When acquiring hardware crypto wallet India, play it safe by purchasing them directly from the official manufacturer. Beware of resellers, as one unfortunate individual lost their life savings when a seller on eBay tampered with a hardware wallet, extracting the recovery seed and repackaging the device.

Consider Wi-Fi Security: When interacting with crypto wallet infrastructure, think beyond just URLs. Always be mindful of potential Wi-Fi vulnerabilities. Someone might have compromised your Wi-Fi network, spoofed DNS settings, or redirected your traffic to malicious IP addresses. 

3) Choose CEX platform with robust security and compliance check framework

As reported by TechRadar in 2021, victims of counterfeit crypto exchanges have collectively suffered the loss of millions of dollars. These fraudulent operations typically operate under advanced fee fraud schemes, enticing individuals to register on blockchain cryptocurrency exchange platforms with the promise of substantial cryptocurrency rewards.

When venturing into cryptocurrency trading and opting for different types of crypto wallets, it is of paramount importance to select a regulated broker or exchange. The crypto landscape is filled with scams, and safeguarding yourself against them is imperative. Regulated brokers and exchanges are bound by specific rules and regulations, making them considerably less prone to engaging in fraudulent activities. Additionally, they often offer enhanced safeguards for investors, including insurance coverage against theft or losses.

Choosing a regulated broker or exchange or multisignature wallet service provider stands as one of the most effective strategies for securing your assets when dealing with cryptocurrencies. Ensure thorough research before making your selection to guarantee the safety of your funds.

4)If using a decentralised wallet secure your seed phrase offline

A wallet service such as MetaMask will create a sequence of 12 to 24 randomly generated words known as a “seed phrase.” It’s crucial to input this seed phrase in precisely the same order as when you initially signed up.

Regrettably, there’s no legitimate “forgot your password” option available with the best crypto wallet in India. As a result, if you happen to misplace your seed phrase, there’s no recourse—losing access to your wallet becomes unavoidable. To prevent this, store your seed phrase securely offline. You can achieve this by simply writing it down on a piece of paper and keeping it in a safe location, just like you store your valuable belongings.

5)Do not link your wallets with random decentralized applications

When something appears too good to be true, it often is. If you’re seeking information about an address or wallet before sending your hard-earned cryptocurrency, numerous valuable tools are available: Bitcoinwhoswho.com serves as an excellent resource for conducting scam investigations. This platform not only offers insights into the current balance and transaction count but also reveals whether the address has been associated with any websites and provides details about the IP address of the last transaction.

Oxt.me is a valuable website for tracking Bitcoin transactions on the blockchain. It offers visualizations of transaction histories and volumes. A potential warning sign to watch for is identical graphs representing inbound and outbound transactions, suggesting that the ethereum/ polygon multisig wallet’s owner rapidly moves funds out right after receiving them.

Beware of phishing attacks. Phishing scams in the world of DeFi often revolve around deceitful tactics that persuade users to link their crypto-wallets, often through WalletConnect, to deceptive decentralized applications (DApps). Once this connection is established, scammers can exploit it to infiltrate the user’s multisig wallet and execute unauthorized transactions.

6) Keep your software pakages updated

Frequently updating your cryptocurrency software and hardware wallets is essential to safeguard devices for vulnerabilities. Security vulnerabilities are prime targets for hackers seeking to compromise your crypto assets. Thus, maintaining up-to-date software is paramount for safeguarding your digital investments.

7)If holding funds in large volume use a multi-sig wallet

Picture the scenario: losing your entire wealth because it was all concentrated in a single location. It’s a nightmarish thought!

Here’s a fundamental rule: avoid putting all your assets in one place. By doing so, if one location is compromised, it doesn’t spell disaster for your entire wealth. This principle holds true for your cryptocurrencies as well. Consider dispersing and securely storing them across multiple wallets such as crypto wallet hardware to mitigate the potential consequences of any loss. As a general practice, it’s wise to reserve only a modest portion online for trading, while safeguarding the majority of your savings in secure cold wallet storage.

Acquiring a multisig wallet represents a substantial step toward supporting the security of your virtual currency, especially when dealing with significant holdings. This functionality, supported by select crypto wallet providers, acts as a safeguard against unauthorized access by requiring digital signatures from designated individuals.

With a multisig wallet in place, hackers often try to illicitly breach your wallet and jeopardize your cryptocurrency assets without the approval of the specified parties. It is essential to verify whether your crypto wallet already incorporates this protective feature if you haven’t done so already.

How to eliminate the risk of asset theft or hacking on your wallet?

Offline cryptocurrency storage or crypto wallet infrastructure is commonly acknowledged as the most secure choice, a preference shared by both individuals and exchange platforms for safeguarding their digital assets.

When you opt to store your digital assets with an exchange, you essentially entrust the management and security of those assets to that particular entity.

Learnings

Cryptocurrency, while offering a secure virtual payment method, exists within a highly volatile market and carries substantial risks when it comes to storing and trading digital assets. The potential consequences of these risks can be the irretrievable loss of your assets. 

So, what steps can you take to reduce these risks and ensure the safety of your funds? It starts with proactive engagement. Cybersecurity is an individual responsibility, and the more you educate yourself about essential security measures, the better prepared you become to fend off malicious efforts by hackers.

FAQs

Where is the least safe place to keep your cryptocurrency?

Cryptocurrency, being a digital asset, demands secure storage to prevent potential theft or loss. Multiple storage options exist, but the safety levels can vary significantly. It’s essential to note that the least secure location for safeguarding your cryptocurrency is within an exchange.

What is hot crypto storage?

Hot and cold wallets represent the predominant methods for storing and transacting cryptocurrencies and tokens. Hot wallets are web-connected and operate online, whereas cold wallets are offline and typically take the form of physical devices like USB sticks.

How do you store large amounts of crypto?

A cold storage wallet is a types of crypto wallet that remains disconnected from the internet. These crypto wallet infrastructures offer robust protection against hackers, making them the preferred choice for securing substantial cryptocurrency holdings. Popular options among users include Trezor and Ledger.

How is crypto safer than banks?

Cryptocurrencies are inherently resilient to cyberattacks due to their decentralized nature. In a decentralized system, there is no single point of failure, preventing hackers from gaining access to all the funds simultaneously. This characteristic enhances their safety profile, making cryptocurrencies a potentially more secure investment compared to traditional banking systems.

Can you store crypto offline?

Yes, offline storage choices encompass cold storage wallets and paper wallets. Paper wallets have become less commonly used in recent times. It is advisable to invest in a reliable and secure cold wallet as the preferred method for keeping your cryptocurrency offline.

How is cryptocurrency kept safe?

You have the flexibility to store substantial amounts of cryptocurrencies using various storage methods, but the most secure choice is cold wallets. Cold wallets provide the highest level of security and are capable of securely storing any quantity of cryptocurrencies for extended periods.

 

More on Crypto

The digital asset industry is more popular than ever, but it still has a lot of gas in the tank. Its current prevalence makes it accepted beyond the niche subsection of retail investors and cryptographic enthusiasts. Financial institutions are also dipping their feet into the digital asset waters, trying to capitalize on the ingenuity the assets bring to finance.

With the recent listing of Bitcoin ETFs by mammoth financial houses, the scope of investing in digital assets for institutional investors has opened up for the better. 

So, what’s changed the game for institutions? Previously, many were hesitant to jump into the digital asset world due to concerns about managing private keys securely, finding reliable custodians, and ensuring smooth transaction processing. 

Digital Assets are catching the attention of all kinds of institutional houses

With the true potential of this asset class far from reached, many investors are flocking to get some, or lots, knowing how their values can be appreciated enormously in the times to come. Assets like Bitcoin constantly show how they can multiply investments severalfold when timed correctly.

Beyond that, digital assets have proved to be great stores of value over longer durations, helping beat the corrosive effects of inflation on fiat currency. Worried about the short-term volatility of these assets, most institutional houses prefer to hold on to them for extended periods.

Family Offices Find Themselves Growing Closer to Digital Assets. 

And that has positioned family offices perfectly to jump into the digital asset landscape. Single- and multi-family offices working to preserve and grow the wealth of affluent, high-net-worth families have begun making digital assets a significant part of their overall investment portfolios, looking to tap into the burgeoning potential of blue-chip tokens and altcoins.  

Blockchain and Web3 implementations depict their ability to transform the tech and finance industries over the coming decades. Logically, family offices are turning to digital assets at the center of the transformation to set future generations up with this lucrative innovation. While these investment strategies look to become generational, family offices must make several considerations, including educating themselves about the asset class and implementing effective risk management strategies.

Choosing the ideal custodian is imperative for Family Offices

A stop-stop solution for Family Offices to maneuver their way into simplified digital asset investing and management is with digital asset custodians

Handling millions or billions of dollars in assets is no sweat for experienced custodians. They have an arsenal of solutions from wallet options like hot and cold wallets, Multi-Sig and MPC configurations compliance integrations, regulatory licenses, institutional-grade custody structures, succession planning tools, and more. But choosing the right one for your specific situation is crucial.

Family offices are best suited to choosing the services of third-party custodians for managing the digital assets in their portfolios. Self-storage solutions come with a steep learning curve and, more consequentially, the possibilities of irrecoverable asset loss if the private keys securing the assets are mishandled or lost. There is no recourse from that, possibly jeopardizing vast amounts of value.

So, relying on reputed custodians specializing in managing digital assets for clients interacting with massive volumes is the best bet for family offices. Their convenience and security make them the pragmatic option for anyone beyond the average retail digital asset investor who deals with less significant values.

What to Look for When Choosing a Custodian

While several custodians operate in the digital asset landscape, family offices must choose the right one for various reasons. Let’s examine what they must focus on and how it can make their interactions with the asset class seamless.

Secure Infrastructure

Dealing with digital assets revolves around secure infrastructure, especially when trusting third parties to manage them. After all, the amount of security breaches around private key handling leads to losses in the billions in the industry every year. Custodians possessing secure infrastructure and integrating best practices to store private keys and transfer data regarding user accounts are the ones to look for.

Identifying such custodians requires checking if they hold cybersecurity certifications, including SOC2 (Systems and Organizations Control 2) and CCSS (CryptoCurrency Security Certification) certificates, which they obtain upon intense scrutiny and audits by the issuing agencies. Simultaneously, custodians engaging in continuous bug bounties and penetration testing stay safe from emerging cybersecurity risks.

Insurance

One thing is sure in the digital asset realm – anyone can be a victim of exploits and hacks despite employing all kinds of cybersecurity protection. Cybercriminals can stay one step ahead of all preventive measures, waiting for the right time to attack. And that can lead to the theft of millions of dollars worth of assets from custodian platforms.

Insurance is the recourse for such inevitable situations, ensuring custodian clients regain lost value. It also helps clients access their value if custodians misuse the funds under management and indulge in corrupt, self-serving practices. Think of the FTX catastrophe that caused losses of user values amounting to multiple billions.

Moreover, insurance providers are very strict about the platforms they insure, doing thorough due diligence before taking custodians on board. So, insured platforms are more trustworthy than those that are not.

Regulation-Oriented

Opting for custodians that focus on regulations is a must. Several jurisdictions have rolled out their digital asset regulations, with many more in the process of doing the same. Those in regulated jurisdictions must possess licenses from regulators overseeing their national crypto ecosystems. Others in countries yet to release relevant frameworks are still answerable to financial regulators.

Ergo, choosing licensed custodians, or those following digital asset and other financial regulations in areas without specific regulations, can save family offices many headaches stemming from non-compliance. They often manifest as having the assets entrusted to the custodians frozen or seized by authorities.

Good Track Record

Family offices must stick to well-established custodians favored by institutions and enterprises in the digital asset landscape. Looking for those operating in the industry with extensive and familiar clientele for considerable periods offers the social assurance that family offices need.

Such custodians have earned their reputations by servicing their clients aptly and focusing on their specific needs, making them better options to manage crypto funds. However, that is not to say that family offices should not consider newer custodian solutions.

Looking for ones that follow all best practices, offer avant-garde features, and work towards building trust in the ecosystem can be highly beneficial. Liminal is a custodian making strides in the digital asset management vertical, providing feature-packed solutions with bank-grade security to family offices. It has also received licenses to operate in multiple jurisdictions thanks to its emphasis on a regulation-first approach.

Comprehensive Reach

The digital asset landscape is evolving rapidly, with new tokens that power highly innovative use cases emerging constantly. Simultaneously, several dApps, including DeFi protocols and DAOs, are scattered across various blockchains, proven to offer high-level yields and profit-generation measures.

Engaging with custodians supporting multichain capabilities and allowing family offices to interact with various digital assets and protocols from various chains is necessary. Moreover, they must offer convenient and intuitive workflows on their platforms for their clients to buy, trade, sell, and utilize digital assets and Web3 applications.

Sensible Pricing

A good custody solution does not equate to being expensive. Several custodians offer economical pricing tailored to the needs and usage of family offices rather than rigid, one-size-fits-all plans. Delegating the custodianship of digital assets to such solutions can keep the billables inexpensive while still providing access to a broad range of features and high-quality service.

Conclusion

Digital assets are bleeding into the portfolios of family offices thanks to their capacity to preserve value, build wealth, and complement traditional investment vehicles as an emerging, speculative asset class. While family offices are accepting it wholeheartedly and geared towards indulging in risky assets, top digital assets’ value retention and inflation-beating capabilities set the asset class up for increased adoption.

Of course, dealing with these assets at any point in time requires family offices to be equipped appropriately. It includes choosing the proper digital asset custodian. Partnering with the right one can make all the difference while treading this novel landscape, allowing family offices to hold and generate value from all facets safely.

February 29, 2024

Digital Asset markets have taken a giant leap ever since their categorization from purely being a volatile alternate investment asset to now being a robust and regulated asset class. 

The journey of digital assets, most significantly that of blue-chip tokens like Bitcoin and Ethereum, has been nothing short of a protagonist in the fight against traditional financial systems, investment avenues, and age-old yield mechanisms. 

However, it was only after the introduction of regulation for these digital assets that they garnered huge institutional interest, pushing the scale of adoption and inviting the likes of family offices to partake in the “coming of age” story of investing in digital assets. 

In the underlying characterization of digital assets as the next best portfolio addition for institutional investors, with a significant boost kicking in after the launch of Bitcoin ETFs(with Ethereum ETFs also on their way), there are still reservations as to how to go about tackling the security, custody, and management challenges that come with them. 

To discuss how current market conditions are driving family offices to embrace portfolio diversification strategies that include allocating funds to digital assets, we dive deep into the intricacies of digital asset custody

Challenges In Secure Digital Asset Investing For Family Offices 

Family offices, traditionally known for their conservative investing approach, sit in the middle of the institutional investors’ branch, bringing untapped liquidity into the market. Conventionally, family offices used to rely only on safer investment bets to accrue value for their investments, but now they are increasingly dipping their toes into the dynamic world of digital assets. 

Despite the potential for high returns, family offices have historically faced significant challenges when considering digital assets as an investment class. Factors such as market volatility, regulatory uncertainty, and the need for established custody solutions have deterred many from fully embracing digital assets.

Talking about the key hurdles family offices face in navigating this exciting but complex landscape, here are some top-of-the-line challenges for them:

  1. Security Concerns: The nascent nature of digital assets presents unique security risks. Hacking, scams, and volatile markets can threaten portfolio stability. Family offices need robust custody solutions, advanced cybersecurity measures, and comprehensive risk management strategies to mitigate these threats.
  2. Regulatory Uncertainty: The regulatory landscape surrounding digital assets is still evolving, creating uncertainty and compliance hurdles. Family offices must stay updated on changing regulations and navigate complex compliance requirements across jurisdictions.
  3. Limited Expertise: Building internal expertise in digital assets can be time-consuming and expensive. Family offices often need more in-house knowledge and resources to properly evaluate, manage, and secure their digital asset investments.
  4. Lack of Infrastructure: Integrating digital assets into existing portfolio management systems can take time and effort. Family offices need secure and reliable infrastructure to seamlessly store, manage, track, and report on their digital asset holdings.
  5. Complex Valuation: Accurately valuing digital assets can be difficult due to their volatility and lack of standardized methodologies. Family offices need robust valuation frameworks and access to reliable market data to make informed investment decisions.

Enabling Family Offices to overcome challenges in digital asset custody

The promise of digital assets is undeniable, yet the hurdles for family offices can seem daunting. 

Overcoming the challenges mentioned above and finding the best probable solutions for them becomes a hardcore reality that must be dealt with utmost precision. 

At Liminal, we work extensively with institutions looking to go one step beyond simply investing in digital assets and look to operate them securely under all circumstances. The same logic applies to family offices as well. 

In our pursuit of building such a robust infrastructure solution, tailored to address the challenges faced by family offices fully and to empower them in their journey to moving to a new asset class for investment, we have created a comprehensive custody solution, integrated best-in-class security protocols and provide real-time monitoring and risk management services to proactively identify and mitigate potential threats, giving family offices peace of mind knowing their assets are secure.

  1. Security Concerns:

Fortress-grade custody: We leverage multi-sig and MPC wallets, leading asset-to-insurance ratios, and bank-grade security protocols to ensure the safety of your assets. Our CCSS Level-3 certification and FIPS-compliant hardware devices go the extra mile, minimizing security risks and providing unmatched peace of mind.

Advanced Cybersecurity Measures: Our vigilant team constantly employs 24/7 SOC monitoring, strict access controls, and penetration testing to identify and mitigate potential threats.

Comprehensive Risk Management: Our experts help you create and implement tailored risk management strategies, considering internal vulnerabilities, market fluctuations, and evolving threats.

  1. Regulatory Uncertainty:

Staying Ahead of the Curve: We have a dedicated team of compliance experts who stay abreast of evolving regulations worldwide. We integrate crucial compliance monitoring in our solutions such as KYC/KYB, AML, and Travel Rule checks, to help navigate complexities across jurisdictions and proactively adapt our services to ensure your portfolio remains compliant.

Streamlined Reporting: Our platform generates comprehensive compliance reports automatically, saving you time and resources while ensuring transparency and regulatory adherence.

Regulatory Partnerships: We actively engage with regulatory bodies and industry leaders 

to become accredited custodians. Currently, we hold a TCSP license in Hong Kong and have also received an IPA from ADGM for an FSP license for our Abu Dhabi entity. 

  1. Limited Expertise:

Your Digital Asset Knowledge Hub: Our team of seasoned custody, compliance, wallet, and security professionals offers expert guidance on evaluating, managing, and securing your digital asset investments. We share industry insights, educational resources, and ongoing support to enhance your knowledge base.

Dedicated Account Management: A dedicated account manager serves as your point of contact, providing personalized guidance and support tailored to your specific needs and goals.

Extensive Resource Library: Access easy onboarding docs, a curated developer section, seamless user-guiding workflow, and trending topic discussions through webinars, research whitepapers, and market reports to build your understanding of digital assets and make informed investment decisions.

  1. Lack of Infrastructure:

Seamless Integration: Our API library, Liminal Express, seamlessly integrates with your existing portfolio management systems, creating a smooth and efficient workflow for managing your digital assets.

Secure Storage and Management: We provide institutional-grade hot and cold wallets for self and managed custody infrastructure, eliminating the need to build or manage complex systems.

Automated Workflows: Streamline recurring tasks and automate key processes with our automation engine, with powerful functionalities like smart refill wallet, smart consolidation, and auto-sweep, enhancing efficiency and reducing operational burdens.

  1. Complex Valuation:

Reliable Data and Valuation Tools: We offer access to trusted market data providers and valuation tools tailored for digital assets, enabling you to make informed investment decisions based on accurate assessments.

Insurance-as-a-Service: We have collaborated with Costero brokers to provide the best possible insurance to our clients that covers their entire portfolio at the best market price. 

Asset segregation and transparency: We deploy segregated accounts, succession planning, and no rehypothecation of assets to allow family offices to maximize transparency and access. 

Embracing the Future Of Family Office Investing 

The future of wealth management includes digital assets. Family offices are actively exploring this burgeoning space, recognizing the potential for diversification and growth. Liminal Custody stands as your trusted partner in this journey. As a regulated custodian, we offer best-in-class security, industry-leading compliance solutions, and a dedicated team of experts, empowering you to invest in digital assets confidently.

Let Liminal Custody guide you through the process, making the path towards secure and compliant digital asset investment smooth and efficient. Contact us today and explore the new frontier of wealth management

Remember, while the potential is promising, navigating the digital asset landscape requires careful planning and collaboration with trusted partners. Liminal Custody is here to equip you with the knowledge and resources to succeed.

February 23, 2024

As we continue constructing a fully regulated digital asset custody platform, ensuring secure storage for both crypto and fiat assets remains a critical priority. 

To facilitate the last checkpoint of enabling institutions to convert their digital asset treasury into fiat currency, we’re expanding beyond pure wallet infrastructure and integrating seamless fiat off-ramp capabilities for our partners.

We’re thrilled to announce our partnership with Encryptus, licensed and compliant off-ramp solutions tailored for institutional clients. This collaboration elevates Liminal’s service offerings by empowering our partners to convert their digital asset treasuries into fiat currencies efficiently.

Integrating A Seamless Off-Ramp Solution

The digital asset ecosystem historically faced friction points when transitioning between fiat and cryptocurrencies. Off-ramp solutions address this pain point by enabling efficient and streamlined conversion between asset classes, minimising value loss and simplifying compliance processes.

Here’s how off-ramp changes the game:

  • Reduced Friction: Frictionless conversion minimises delays and operational complexities associated with traditional fiat-crypto exchange methods.
  • Enhanced Efficiency: Streamlined workflows expedite asset conversion, increasing speed and cost-effectiveness for institutional and individual users.
  • Optimised Value Preservation: Advanced off-ramp solutions prioritise minimising price slippage and value loss during conversion, protecting user portfolios.
  • Simplified Compliance: Integrated compliance features navigate regulatory complexities, ensuring adherence to relevant financial regulations.

With our partnership with Encryptus, we have embedded their institutional-grade APIs, connecting their off-ramp solution within Liminal’s wallet and custody platform. 

This integration simplifies our clients’ liquidation requirements while keeping their assets secure and more:

  • Effortless Digital Asset to Fiat Conversion: Our partners will be able to access treasury management and facilitate business payments in 54 countries and individual payments in an extensive network of 80+ countries.
  • Streamlined Compliance and Regulation: Our partners will be able to leverage Encryptus’s rigorous licensing and compliance framework, ensuring adherence to stringent financial regulations.
  • Enhanced Platform Value: We will be able to expand the functionality of the Liminal custody solution, attracting institutional users seeking comprehensive digital asset management capabilities.

Moving Towards A Robust Off-Ramp Partnership With Encryptus

The partnership between Liminal and Encryptus earmarks a significant step forward in secure digital asset custody, representing a shared commitment to pushing compliant practices while supplying institutions with easy access to convert their digital assets to fiat. 

For Encryptus, the opportunity to integrate with Liminal’s established platform presents a chance to reach a wider audience and scale their innovative off-ramp solutions to new heights. By streamlining fiat conversion within Liminal’s secure custody infrastructure, Encryptus gains access to a trusted network of institutional users seeking seamless and compliant treasury management.

For Liminal, this collaboration reinforces our dedication to partnering with companies that demonstrably prioritise clear governance and robust policy frameworks. By aligning with Encryptus’s stringent compliance standards, we reaffirm our commitment to building a secure and sustainable future for digital assets, where trust and regulatory certainty go hand-in-hand.

January 22, 2024

Find Out How You Can Benefit From A Fully Self-Custodial Wallet Architecture