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HomeStart UpDigital asset management platform Liminal bags $4.7mn funding led by Elevation Capital 

Digital asset management platform Liminal bags $4.7mn funding led by Elevation Capital 

Liminal, a digital asset management platform, has secured $4.7 million in a seed round led by Elevation Capital and includes notable investors such as crypto fund LD Capital, Woodstock, and Nexus Ventures. 

According to the company, the fund will be used to hire more employees and develop new products.

Founded in 2021 by Mahin Gupta, Liminal offers wallet architecture to help secure digital assets across different blockchains.

“With Liminal, we solve the very real problem of securing and scaling digital assets where users have to use different wallets and infrastructure for different protocols,” Gupta said in a statement. 

The plug-and-play platform helps exchanges by reducing manual operations by 90% and saving hours of manual refilling.

“Safe custody of digital assets is a key challenge faced by businesses and institutional investors, and custodians like Liminal will play a big role in facilitating the mass adoption of digital assets and Web3,” the company said.

Liminal claimed to have processed over $2.5 billion in transactions in one year, with $400 million in automated transactions. It claimed to have assets worth roughly $50 million under protection. 

Liminal’s automated wallet solution makes managing workflows across numerous blockchain protocols easier for crypto-native businesses, SMEs, and Web3 startups. 

According to the statement, it helps companies, including exchanges, custodians, banks, trading desks, and hedge funds, scales their digital asset operations safely. 

Liminal’s clients include ZebPay, DIFX, and Flitpay, and the company is now focusing on expanding in the Asia Pacific and the Middle East.

“Rapid adoption of digital assets is going to be driven by multiple new-age crypto businesses and institutions…These businesses are increasingly demanding plug-and-play custody solutions that are built taking their unique needs into account,” said Vaas Bhaskar, principal at Elevation Capital.

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BRL Editor
BRL Editor
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