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Liminal Announced Integration Of Telos Network Into Its Custody And Wallet Infrastructure

After the integration, Liminal will be able to strengthen and secure the treasury management risk and compliance monitoring among others

Liminal Announced Integration Of Telos Network Into Its Custody And Wallet Infrastructure

Outlook Start-Up Desk

POSTED ON January 15, 2024 3:01 PM

Liminal, which provides institutional-grade digital asset custody solutions, announced the integration of Telos Network into its custody and wallet infrastructure.  

After the integration, the company will strengthen the security and efficiency of asset management on the Telos blockchain, it added in a release. 

The company added that it has recognised that secure custody of digital assets is directly correlated with the strength of the underlying blockchain infrastructure. As the demand for alternative blockchain ecosystems and community participation continues to grow, interoperability has become a core integration parameter for custody platforms.  

Commenting on the development, Manhar Garegrat, country head- India and Global Partnerships at Liminal, expressed his enthusiasm for the integration, stating, "The addition of Telos into Liminal custody's multi-chain ecosystem is a significant step towards growing the web3 ecosystem together.  Telos’ flawless record of zero downtime since launch, over 15,200 transactions per second with minimal fees, and focus on enabling Zero Knowledge technology for ultimate scalability and privacy for blockchain global adoption, make it a compelling platform for web3 adoption."  

Commenting on the development, Sukesh Tedla, director of Liquidity and Exchanges at Telos Network said “ We are delighted to find a like-minded partner in Liminal. The combined strength of both brands will not only enhance the digital asset experience for users but also create a highly secure ecosystem for fostering innovation in digital asset custody services. We are committed to creating more synergies with Liminal in the near future.”   

By introducing Telos, a third-generation blockchain platform, into our custody and wallet infrastructure, Liminal is enabling secure custody, policy-led workflows, multi-party wallet governance, and comprehensive compliance monitoring for protocols and institutions operating on the Telos Network, the statement added.   

Liminal is a licensed and regulated digital asset custody and wallet infrastructure provider. The company is based in Singapore with 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. 

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