Liminal Custody & Wallet Infrastructure Achieves Regulated Status as Licensed Digital Asset Custodian in Hong Kong

May 16, 2023, New Delhi/Hong Kong: Leading digital asset custodial service provider and wallet infrastructure ‘Liminal’ has obtained the Trust or Company Service Provider (TCSP) License from the Hong Kong Companies Registry. This license enables Liminal to provide regulated digital asset custodial services in Hong Kong, further solidifying its position as a top-tier custodian in APAC.

This marks a significant milestone for Liminal, making it a regulated entity providing full custody services. Hong Kong is one of the world’s most dynamic financial centres and a hub for digital asset transactions. The TCSP Licence will allow Liminal to offer its clients a comprehensive suite of solutions which includes wallet infrastructure, institutional-grade custody solutions, wallet automation and much more, to a wide range of clients, including exchanges, hedge funds, family offices, and high-net-worth individuals.

“We are thrilled to have obtained the TCSP Licence, which is a testament to our commitment to regulatory compliance and best practices in digital asset custody,” said Manan Vora, SVP of Strategy and Business Development at Liminal. “With the rapidly growing adoption of digital assets and currencies, the need for secure and reliable custodial solutions has become paramount. Hong Kong is a strategic location for us, and we look forward to serving the growing demand for secure and reliable digital asset custody.”

The licence is issued by the Hong Kong Companies Registry under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Liminal Custody Solutions has undergone rigorous due diligence and compliance procedures to obtain the TCSP Licence. This includes undergoing stringent AML policies checks, a compliance and money laundering officer on the ground and an interview with the authorities to achieve the license. It demonstrates the high degree of expertise, experience, and professionalism required to attain this licence.

With the TCSP Licence, Liminal is well-positioned to meet the increasing demand for digital asset custodial services in Hong Kong and beyond. 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. With its expanding global presence, Liminal is well-positioned to lead the institutional custody adoption across the APAC and MENA regions.

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