Liminal, a prominent provider of wallet infrastructure and custody solutions, has launched a comprehensive suite of compliance solutions for the digital asset industry. This move comes in response to the increasing importance of regulatory compliance for financial institutions and virtual asset service providers (VASPs) amidst the growing adoption of digital assets. The integration with Notabene’s Travel Rule solution aims to transform how businesses handle regulatory compliance challenges.
Earlier this year, Liminal announced partnership with Notabene to develop a secure and compliant crypto ecosystem. The compliance suite offers several key features to help clients meet their regulatory obligations.
Firstly, the seamless integration with Notabene’s solution facilitates secure communication between virtual asset service providers, making it easier to share transactional data in compliance with regulations.
Secondly, the suite includes a user-friendly interface that simplifies the compliance process, enabling clients to fulfill their obligations efficiently and save time and resources. Security is prioritized, ensuring sensitive information remains protected throughout the compliance journey.
The solutions are also customizable, catering to the diverse needs of cryptocurrency businesses, providing flexibility and adaptability. Real-time monitoring and alerts help clients proactively address compliance issues, mitigating risks and building trust with regulatory bodies.
Rahil Shaikh, AVP of Product and Blockchain at Liminal, mentioned that the partnership reinforces Liminal’s commitment to driving innovation in the digital asset industry and providing efficient, secure, and fully regulatory-compliant solutions for their clients.
The integration of Notabene’s Travel Rule compliance empowers Liminal’s customers to focus on their core priorities with confidence.
The compliance solutions suite is available to all of Liminal’s clients, including exchanges, custodians, and institutional investors. By offering these essential compliance tools, Liminal aims to empower its clients and contribute to the growth of the digital asset ecosystem.