Press Release

CBI entrusts Liminal Custody Solutions for secure non-custodial storage of seized digital assets

Liminal Custody Solutions, a leading provider of digital asset custody, has taken a momentous stride in its mission to fortify the security and accessibility of India’s digital asset ecosystem. As a trusted custodian of digital assets, Liminal was appointed by the Central Bureau of Investigation (CBI) to manage seized digital assets in a non-custodial manner securely, which they impounded during their investigations.

Following this announcement, Liminal also played a pivotal role in a high-profile operation led by the Central Bureau of Investigation (CBI). Law enforcement agencies like the CBI require secure and compliant wallet solutions for the safe storage of these assets, and Liminal stepped in to fill this crucial role. This milestone firmly establishes Liminal as a vital ally for law enforcement agencies in India. As a part of this operation Liminal Custody Solutions assembled a specialized team that collaborated closely with CBI officers on the ground. The creation of specialized multi-sig and MPC wallets were executed with precision to ensure assets’ security with strict adherence to standard operating procedures (SOP).

CBI’s officers expressed their appreciation for Liminal’s collaboration and support during this operation.

Manan Vora, Senior Vice President of Strategy and Business Operations at Liminal, stated, “At Liminal Custody, we consider our partnership with the CBI as a testament to our unwavering dedication to building a safe and regulated digital asset ecosystem in India. As experts in the field, we feel it’s our responsibility to assist law enforcement agencies with rigorous security protocols. We look forward to making a substantial contribution to India’s digital asset security and accessibility.”

Liminal continues to expand its role in safeguarding digital assets and remains dedicated to upholding the highest standards of digital asset security.

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About Liminal Custody Solutions:

Liminal is a licensed and regulated digital asset custody and wallet infrastructure provider. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2, ISO 27001 and I27701 and ISO 27001 and 27701 certified organization. Liminal is based in Singapore, has 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. Having a deep understanding and over a decade of expertise in wallet technology and digital asset management, the company provides complete peace of mind to digital asset businesses of all sizes, ranging from Crypto Exchanges, OTC desks, Web3 Projects, DAOs, Treasuries, and other crypto native businesses. With a combination of secure multi-signature and multi-party computation (MPC) wallets, Liminal provides secure, efficient, and compliant access to digital assets. Their operational excellence framework ensures efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations, resulting in significant cost savings for businesses. Their proprietary regulatory readiness program, which includes AML checks, KYB based onboarding, and KYT with travel rule compliance helps digital asset projects fast-track their compliance journey. Liminal takes pride in supporting businesses with their platform, which is secure, compliant and automated with a plug-and-play architecture that enables faster onboarding for developers, business partners and government agencies.

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