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Liminal Launches Compliance Solutions Suite In Collaboration With Notabene

The integration will enable smooth and secure communication between virtual asset service providers, streamlining the sharing of transactional data in compliance with regulatory mandates

Liminal Launches Compliance Solutions Suite In Collaboration With Notabene

Outlook Start-Up Desk

POSTED ON August 02, 2023 12:28 AM

Liminal, a provider of wallet infrastructure and custody solutions, has launched its comprehensive compliance solutions suite, featuring seamless integration with Notabene's Travel Rule solution. This collaboration aims to revolutionise how businesses manage regulatory compliance in the digital asset industry.

In the rapidly evolving financial landscape, regulatory compliance has emerged as a critical focus for financial institutions and virtual asset service providers (VASPs). As the adoption of digital assets continues to rise, adhering to regulatory requirements has become increasingly intricate. 

Liminal's latest suite of compliance solutions, coupled with Notabene's innovative Travel Rule integration, empowers clients with an efficient means to navigate compliance challenges. The integration will enable smooth and secure communication between virtual asset service providers, streamlining the sharing of transactional data in compliance with regulatory mandates.

The suite empowers clients with a user-friendly interface that simplifies the compliance journey. Users can now effortlessly fulfill their regulatory obligations, saving time and resources.

Security is of paramount importance in the world of digital assets. Liminal's compliance solutions prioritise data protection, ensuring that sensitive information remains secure throughout the compliance process. 

Recognising the diverse nature of businesses operating in the cryptocurrency sector, Liminal's suite allows customisation to cater to specific compliance needs, ensuring flexibility and adaptability. With real-time monitoring and alerts, clients can proactively address compliance issues, mitigating risks and reinforcing trust with regulatory bodies.

Commenting on the launch, Rahil Shaikh, AVP of Product and Blockchain at Liminal, said, "At Liminal, our foremost objective is to drive innovation within the digital asset industry, and this pivotal partnership reinforces our commitment to providing efficient, secure, and fully regulatory-compliant solutions for our esteemed clients. By joining forces with Notabene, we have empowered our customers with seamless travel rule compliance, enabling them to concentrate on their core priorities with absolute confidence."

The compliance solutions suite is now available to all Liminal's clients, including exchanges, custodians, and institutional investors. By providing these essential compliance tools, Liminal reaffirms its commitment to empowering clients and contributing to the growth of the digital asset ecosystem.

Liminal is a licensed Digital Asset Custodian with the Trust or Company Service Provider (TCSP) Licence from the Hong Kong Companies Registry. It is an automated wallet infrastructure and custody platform offering robust digital asset security. A SOC2 Type2, ISO 27001 and 27701 certified and CCSS compliant organisation. 

The start-up enables crypto-native companies to securely scale their digital asset operations through automated, plug-and-play wallet architecture. They combine multi-signature and multi-party computation (MPC) to provide secure, efficient, and compliant access to digital assets. Its operational excellence framework provides efficient fee management, transaction confirmation guarantees, seamless onboarding, gas-fee saving, and other wallet operations, hence saving businesses significant development costs. 

Its unified interface ensures the same wallet management experience across multiple blockchains. Its proprietary regulatory readiness program, which includes AML and travel rule (FATF) compliance, helps projects fast-track their compliance.

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