Liminal launches Android Version of Vaults for Seamless On-the-Go Asset Management
Liminal, a leading regulated digital asset custody provider renowned for its innovative multi-party computation (MPC) wallet infrastructure, recently celebrated its successful two-year journey by announcing that it has processed transactions over $6.8 billion on its platform, with over $550 million worth of assets under protection. Liminal has grown its customer base annually by 178% CAGR and gross revenue from customers at 73.5% CAGR annually, showcasing its commitment to simplifying digital asset custody with its plug-and-play wallet infrastructure that is secure, compliant, automated, and efficient.
Liminal's commitment to simplifying digital asset custody with its secure and efficient platform has helped it achieve significant milestones in just two years. In line with this, Liminal has announced the launch of its Whitelabel Custody Solutions. This new offering will now allow Web3 enterprises to manage digital assets securely and efficiently through a fully customizable and comprehensive platform.
Liminal's Whitelabel Custody Solutions enables businesses to leverage its secure wallet infrastructure and policy management tools while delivering a personalized experience to its clients. By embracing the power of white labeling, enterprises can streamline their services and accelerate their market entry without the complexities of building infrastructure from scratch. Liminal's advanced technology and encryption measures establish a fortified custody infrastructure, safeguarding digital assets from potential threats and unauthorized access.
Representing a transformative leap in digital asset management for Web3 enterprises, and building on the success of its iOS counterpart, Liminal also announced the launch of its eagerly anticipated Vaults Android app. The Liminal Vaults Android app empowers users with seamless oversight of digital assets, enabling on-the-go transaction approvals and collaborative asset management. The app's user-friendly interface integrates groundbreaking secure Multiparty Computation (MPC) technology, simplifying transaction approvals while upholding stringent security standards. With an extra layer of authentication for each transaction, key control remains uncompromised, making it the preferred choice for Web3 organizations.
Commenting on the innovative launches, Mahin Gupta, Founder at Liminal, said, "Our mission at Liminal is to empower Web3 institutions with the tools they need to succeed in the ever-evolving digital asset landscape, securely. With our Whitelabel Custody Solutions, we are introducing an opportunity for institutions to establish their own branded and fully customizable custody platforms, enabling them to navigate the complexities of digital asset management with confidence."
“Our next goal is to surpass our growth targets and achieve a $10 billion transaction volume as we have embarked on an exciting journey of transformation through innovation. The introduction of the Vaults Android app and the Smart Consolidation feature, alongside new protocol support, reflects our commitment to empowering users with advanced solutions that simplify the complexities of asset handling. These updates seamlessly blend security, efficiency, and convenience, addressing the evolving needs of the Web3 ecosystem."
Web3 institutions have long grappled with the complexities of custodial services, ranging from wallet security to private key management and compliance checks. The Whitelabel solution offers segregated wallets with multi-user approvals, ensuring an unparalleled level of security. It also enhances fund security, improves transaction processing speed and efficiency, and provides an enhanced user experience. It also offers flexibility to adapt quickly to market trends and changing customer needs. It ensures compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements, fostering trust and transparency while adhering to global regulatory frameworks.
To further facilitate the growth of startups, Liminal has launched partnership programs with several platforms such as Avalanche, Polygon, Tezos, XinFin, and Builders 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. It is also the official self-custody solution partner for India's leading premier investigation agency and has a $50 million insurance cover underwritten by Lloyds of London.