Liminal hits $5B transactions milestone

Liminal, a wallet infrastructure and custody solutions platform, today announced that it has processed transactions worth $5.6 billion on its platform, with over $550 million worth of assets under protection. This announcement came as the company celebrated its successful two-year journey in the digital assets industry.

Despite the industry experiencing a downturn, Liminal has managed to grow its customer base at a CAGR of 178% and gross revenue from customers at a CAGR of 73.5%.

Liminal’s plug-and-play wallet infrastructure is secure, compliant, automated, and efficient, which has been a significant factor in the company’s success.

Its commitment to simplifying digital asset custody has helped it achieve significant milestones in just two years, Liminal told to AlexaBlockchain.

To further facilitate the growth of startups, Liminal said that it has launched partnership programs with several platforms such as Avalanche, Polygon, Tezos, XinFin, and Buidlers Tribe, with more in the pipeline.

The company has also secured ISO 27001 and 27701 certifications, SOC 2 Type II certification, and CryptoCurrency Security Standard (CCSS) compliance-QSP Level 3, the highest standard in wallet keys and operations management.

Commenting on the achievement, Mahin Gupta, Founder of Liminal, said: “Simplifying technology is at the core of Liminal’s DNA. Our successful journey of two years is a small step for our organisation but a giant leap for the industry.”

Liminal’s mission is to accelerate Web3 adoption across APAC and MENA regions. It aims to achieve this by providing expert wallet infrastructure and impeccable security through its easy-to-manage custody services.

The company’s customer onboarding process ensures immediate comfort for customers through training, concierge onboarding, and 24×7 dedicated support teams across geographies.

The company has expanded its global presence by opening two new offices in Singapore and Hong Kong, and boasts a diverse team of local talent from different parts of the world, including the UK, Vietnam, India, Hong Kong, Nepal, and UAE.

Liminal is also the official self-custody solution partner for India’s leading cybercrime investigation agency and has a $50 million insurance cover underwritten by Lloyds of London.

Liminal offers “an additional protection for customers” backed by a $50 million insurance cover underwritten by Lloyds of London.

With its expanding global presence and innovative partnerships, Liminal is well-positioned to drive web3 adoption across the APAC and MENA regions. The company’s next goal is to touch a $10 billion transaction volume sooner than expected, and it has embarked on an exciting journey of transformation through innovation.

Read Also: Liminal Updates Platform to Help Web3 Businesses in India Comply with PMLA Guidelines

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• Source: https://alexablockchain.com/liminal-hits-5b-transactions-milestone/