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Liminal raises $4.7m seed round led by Elevation Capital

By Leandra Monteiro

June 01, 2022

  • Bitcoin
  • Digital assets
  • Digital Wallet

LiminalLiminal, a wallet operations infrastructure that secures digital assets in an efficient way, has raised $4.7 million in its seed funding round led by Elevation Capital.

The round also saw participation from prominent investors like LD Capital, Woodstock, Nexus Ventures, and crypto ventures like CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, and Sparrow Capital.

The primary concern regarding digital asset security is maintaining the safety of the keys while adhering to compliances. If this key is misplaced or lost, it could mean huge losses for the owners, whether individuals or businesses. This is why digital asset custody is of great value.

Liminal is the first wallet architecture to provide the MPC and MultiSig to secure digital assets across different blockchains. This plug-and-play platform provides unmatched support to exchanges by eliminating manual operations by 90% and saving manual refill hours. 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 is currently focused on expansion in the APAC and MENA region, eyeing dominance in the automated wallet infrastructure operation space. The team at Liminal comes with over ten years of experience in running cryptocurrency exchanges, and it understands the difficulties businesses using wallet infrastructure face.

“We will be using the funds to invest in hiring and product development,” said Mahin Gupta, Founder, Liminal. “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. Our three layers provide key management, operational automation, and compliance for enterprises,” he added.

Vaas Bhaskar, Principal at Elevation Capital said, “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, including security, regulatory readiness, and operational efficiency. We have been very impressed with Mahin and his team’s customer obsession and knowledge of this space. We are thrilled to partner with Liminal on this journey.”

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