Quick Take
Liminal, a leading crypto custody provider, has integrated Telos Network into its infrastructure to enhance asset management security on the Telos blockchain. This partnership underscores the growing importance of interoperability in the crypto custody landscape, offering secure treasury management, policy-driven automation, and compliance monitoring for Telos-based assets.
Liminal integrates Telos Network into its custody and wallet infrastructure
Singapore-based Liminal, a renowned institutional-grade crypto custody solutions provider, has taken a significant stride towards fortifying the security and efficiency of asset management on the Telos blockchain. Today, the company announced the integration of Telos Network into its custody and wallet infrastructure, underscoring the growing importance of interoperability in the world of digital asset custody.
Liminal’s strategic move acknowledges the pivotal role that secure custody plays in the strength of underlying blockchain infrastructure. As the demand for alternative blockchain ecosystems continues to surge, this integration underscores the evolving landscape of crypto custody and the need for robust solutions.
The Telos Network, launched in 2018, has garnered attention for its impressive five-year record of zero downtime. With its high-speed Ethereum Virtual Machine (tEVM) introduced in 2021, Telos has positioned itself as a forward-looking blockchain platform committed to technological advancement. The network has witnessed substantial growth, boasting over 1.2 million accounts, a multitude of partners, and a flourishing ecosystem of decentralized applications (dApps).
“The addition of Telos into Liminal custody’s multi-chain ecosystem is a significant step towards growing the web3 ecosystem together,” states Manhar Garegrat, Liminal Country Head- India & Global Partnerships. “Telos’ flawless record of zero downtime since launch, over 15,200 transactions per second with minimal fees, and focus on enabling Zero Knowledge technology for ultimate scalability and privacy for blockchain global adoption, make it a compelling platform for web3 adoption.”
Liminal’s integration with Telos promises enhanced security, policy-driven workflows, multi-party wallet governance, and comprehensive compliance monitoring for protocols and institutions operating on the Telos Network. Some key features of this integration include:
- Secure and Efficient Treasury Management: Liminal Custody’s wallet infrastructure, powered by secure Multi-Party Computation (MPC) and Multisig technology, offers unrivaled security for Telos-supported assets. This infrastructure enforces strict security protocols and multi-party authorization requirements, granting users precise control over asset management.
- Policy-Driven Automation for Optimal Efficiency: Liminal introduces automation workflows that streamline Telos asset management. Users can establish policy-based transaction processing rules to automate routine tasks, minimize operational overhead, and improve overall efficiency, all while adhering to specific risk tolerances and regulatory requirements.
- Vigilant Risk and Compliance Monitoring: Liminal Custody’s comprehensive risk and compliance monitoring tools serve to mitigate potential risks and ensure regulatory compliance. The platform continuously monitors wallets and transactions for anomalies or potential violations, enabling immediate actions to safeguard funds and comply with regulatory standards.
- Seamless Integration with Telos and DApp Ecosystem: Liminal integrates with Telos through MMI and Wallet Connect, providing easy access to a wide range of native Telos and mainstream decentralized applications (DApps). This integration empowers users to leverage their Telos asset holdings by accessing various DeFi protocols.
Sukesh Tedla, Director of Liquidity & Exchanges at Telos Network, emphasized the synergies between the two companies, stating, “The combined strength of both the brands will not only enhance the digital asset experience for users but also create a highly secure ecosystem for fostering innovation in digital asset custody services. We are committed to creating more synergies with Liminal in the near future.”
Liminal’s integration of Telos Network into its custody and wallet infrastructure underscores the ongoing evolution of crypto custody solutions. As the blockchain industry continues to expand, secure and efficient asset management will remain a paramount concern, and partnerships like this are poised to shape the future of digital asset custody.
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