New Delhi: Liminal, the fastest-growing digital asset custody and wallet infrastructure provider in the APAC and MENA region, today announced a major milestone: achieving General Data Protection Regulation (GDPR) compliance. This accomplishment underscores the company’s unwavering commitment to data security and user privacy, setting a new standard for trust and transparency in the rapidly evolving digital asset ecosystem. Achieving this standard with an unqualified opinion serves as third-party industry validation that Liminal (First Answer Pte Ltd) provides enterprise-level security for customer’s data secured in Liminal’s System.
A Commitment to Responsible Data Practices:
Dhruvil Shah, SVP of Technology at Liminal said, “Liminal‘s GDPR compliance is not just a legal obligation, but a reflection of our core values. We recognize the sensitive nature of user data and are committed to upholding the highest standards of data protection. This commitment is further substantiated by Prescient Assurance LLC, confirming our adherence to established data security and privacy practices.”
Introducing GDPR-Aligned Wallet Infrastructure:
Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organisation. Taking user privacy a step further, Liminal is now proud to offer GDPR-aligned wallet infrastructure. This means users can enjoy the added protection of personal and financial data under stringent and established regulatory practices. Our GDPR-aligned wallets incorporate features such as:
- Enhanced data control: Users have complete control over their personal data.
- Transparency by design: Clear and concise information is provided on how data is collected, used, and stored.
- Robust security measures: Industry-leading security protocols and technologies safeguarding user data.
Significance of GDPR Compliance and Aligned Infrastructure:
The digital asset industry is characterised by rapid innovation and evolving regulations. Achieving GDPR compliance and offering GDPR-compliant wallets establishes Liminal as a trusted provider, particularly for institutions and individuals seeking a secure and compliant environment for their digital assets. This milestone solidifies Liminal’s position as a leader in fostering trust and transparency within the industry.
Liminal remains committed to upholding the highest standards of data security and privacy. The company will continue to invest in compliance efforts and adapt its practices to evolving regulations, ensuring a secure and trustworthy environment for its users.
About Liminal Custody Solutions:
Liminal is a licensed and regulated digital asset custody and wallet infrastructure provider. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organization. Liminal is based in Singapore, has operations spread across APAC MENA and Europe, along with offices in Hong Kong, Singapore, India and Abu Dhabi. Liminal provides bespoke wallet infrastructure for self-custodial businesses and provides custody services as a qualified custodian with a TCSP license in Hong Kong and an in-principle approval for its custody license from ADGM in Abu Dhabi. Having a deep understanding and over a decade of expertise in wallet technology and digital asset management, the company provides complete peace of mind to digital asset businesses of all sizes, ranging from Crypto Exchanges, OTC desks, Web3 Projects, DAOs, Treasuries, and other crypto native businesses. With a combination of secure multi-signature and multi-party computation (MPC) wallets, Liminal provides secure, efficient, and compliant access to digital assets. Their operational excellence framework ensures efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations, resulting in significant cost savings for businesses. Their proprietary regulatory readiness program, which includes AML checks, KYB based onboarding, and KYT with travel rule compliance helps digital asset projects fast-track their compliance journey. Liminal takes pride in supporting businesses with their platform, which is secure, compliant and automated with a plug-and-play architecture that enables faster onboarding for developers, business partners and government agencies.
