Liminal Custody Company Profile

Background

Liminal Custody, established in April 2021, is a Singapore-based digital asset custody and wallet infrastructure provider. The company is dedicated to delivering secure, compliant, and efficient solutions for managing digital assets, catering to a diverse clientele that includes crypto exchanges, OTC desks, Web3 projects, DAOs, treasuries, and other crypto-native businesses. Liminal's mission is to provide peace of mind to digital asset businesses by offering a combination of secure multi-signature and multi-party computation (MPC) wallets, ensuring efficient and compliant access to digital assets.

Key Strategic Focus

Liminal's strategic focus centers on providing a secure, automated, and compliant platform for digital asset custody and wallet infrastructure. The company specializes in offering bespoke wallet infrastructure for self-custodial businesses and provides custody services as a qualified custodian. Key technologies utilized include multi-signature and MPC wallets, which enhance security and operational efficiency. Liminal targets primary markets across the APAC, MENA, and European regions, aiming to support businesses of all sizes in securely managing their digital assets.

Financials and Funding

As of July 2025, Liminal Custody has raised a total of $9.65 million through seed funding rounds. The most recent funding round, completed on June 16, 2024, secured $5 million. The capital raised is intended to enhance the company's custody platform, expand its global operations, and invest in compliance and security measures to meet the evolving needs of the digital asset industry.

Technological Platform and Innovation

Liminal Custody distinguishes itself through its robust technological platform and commitment to innovation:

Proprietary Technologies: The company employs a combination of multi-signature and MPC wallets, providing secure, efficient, and compliant access to digital assets.

Significant Scientific Methods: Liminal's operational excellence framework ensures efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations, resulting in significant cost savings for businesses.

Leadership Team

Liminal Custody's leadership team comprises experienced professionals with diverse backgrounds:

Mahin Gupta: Founder of Liminal Custody, Mahin has a strong background in digital asset custody and wallet infrastructure.

Satya Venkata Chalapathi: Serving as a hands-on financial executive with over 25 years of experience in capital markets and banking, Satya brings expertise in all asset classes, including crypto.

Manhar Garegrat: As the Country Head for India & Global Partnerships, Manhar has a background in building custody solutions and has previously held positions such as CEO & Co-Founder of Panthera Web3 Wallet Suite and former Board Member of CoinDCX.

David Lee: Senior Vice President of Sales & Business Development, David contributes to the company's growth and market expansion strategies.

Leadership Changes

As of July 2025, there have been no significant recent changes or appointments within Liminal Custody's leadership team.

Competitor Profile

Market Insights and Dynamics

The digital asset custody market is experiencing rapid growth, driven by increasing institutional adoption of cryptocurrencies and the need for secure storage solutions. The market is characterized by evolving regulatory landscapes and a demand for compliant and efficient custody services.

Competitor Analysis

Liminal Custody operates in a competitive landscape with several key players:

1Kosmos: Offers digital identity proofing combined with advanced biometrics and passwordless authentication, utilizing a private, permissioned blockchain.

Middesk: Provides business identity platforms that help companies verify and underwrite their customers, automate Know Your Business (KYB) processes, and ensure compliance.

Depin Scan: Serves as an explorer for decentralized physical infrastructure networks (DePIN), powered by W3bstream and IoTeX.

Strategic Collaborations and Partnerships

Liminal Custody has engaged in significant collaborations to enhance its market position and service offerings:

Telos Network Integration: In January 2024, Liminal integrated Telos Network into its custody and wallet infrastructure, enhancing the security and efficiency of asset management on the Telos blockchain.

Law Enforcement Collaboration: In December 2023, Liminal collaborated with the Himachal Pradesh Special Investigation Team to enhance digital asset security, demonstrating its commitment to regulatory compliance and security.

Operational Insights

Liminal Custody's strategic considerations include:

Regulatory Compliance: Achieved GDPR compliance in February 2024, underscoring its commitment to data security and user privacy.

Licensing: Obtained the Trust or Company Service Provider (TCSP) License in Hong Kong in May 2023, enabling it to provide regulated digital asset custodial services in the region.

Security Certifications: Attained CCSS Level 3, SOC Type 2, and ISO 27001 & 27701 certifications, reflecting its commitment to industry-leading security protocols.

Strategic Opportunities and Future Directions

Liminal Custody's strategic roadmap includes:

Product Expansion: Launched new products such as Staking-as-a-Service and Whitelabel Solutions to broaden its existing infrastructure and add more parameters of security, scalability, and sustainability.

Geographical Expansion: Expanded operations to new regions, including Indonesia, Africa, India, UAE, and Korea, setting up custody operations worldwide.