Liminal, a Singapore-based wallet operations infrastructure that secures digital assets, raised $4.7m in seed funding.
The round led by Elevation Capital with participation from LD Capital, Woodstock, Nexus Ventures, CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, Sparrow Capital, and angel investors Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, Ajeet Khurana, amongst others.
The company intends to use the funds to expand its hiring and product development efforts.
Founded in 2021 by Mahin Gupta, Liminal is a wallet architecture that provides the MPC and MultiSig to secure digital assets across different blockchains. The automated wallet solution makes it easier for crypto-native businesses, SMEs, and Web3 startups to manage their workflows across different blockchain protocols, saving them significant development cost overhead. It provides services to clients such as exchanges, custodians, banks, trading desks, and hedge funds to help them securely scale their digital asset operations.
Liminal has, in one year of operations, processed transactions over $2.5 billion, automated transactions worth $400 million, and has around $50 million in assets under protection. At its core, the company provides asset security and ease of transacting.
The company counts ZebPay, DIFX, and Flitpay as clients, and is currently focused on expansion in the APAC and MENA region
FinSMEs
01/06/2022