Liminal, a crypto wallet operations infrastructure platform, today announced that it has integrated with the Tezos blockchain.
The prime objective behind this integration is to offer investors a highly secure and efficient DeFi service experience on Tezos.
The integration was completed in partnership with Tezos India. Liminal said that the in-house developers’ team at Tezos India has worked together with the Liminal team to complete this integration.
Tezos India provided support on everything starting from parsing and indexing blockchain data, to generating appropriate transactions, MPC signatures, smart contracts, etc. and injecting them into the Tezos blockchain and so on.
Going forward, this integration will enable both Tezos and Liminal to dedicatedly work towards making digital assets like cryptocurrencies/tokens etc. safer and more rewarding for individuals and businesses without compromising in terms of security and ownership.
The development comes at a time when the recent FTX debacle and other safety-related concerns and incidents have shaken up the crypto and blockchain industry across the globe.
Amidst ongoing security concerns regarding wallets in the market, Tezos India aims to lead by example by onboarding Liminal, who is working on building a secure and sound wallet infrastructure.
With the DeFi transaction volumes on the Tezos ecosystem growing massively and rapidly, Tezos India is striving to ensure that institutional investors along with HNI retail investors can make digital asset investments in the Tezos ecosystem safely.
According to established crypto ethos, self-custody has always been the best practice to store tokens/funds. And this is exactly where the latest Liminal integration will help users in achieving that with more customizable opportunities on top of it such as compliance support, multi-party support and more.
Amanjot Malhotra, Head of Growth at Tezos India said:
“We are delighted to have partnered with Liminal. The partnership helps both companies move closer to achieving their shared objectives of making digital assets secure and effective.”
Commenting on the development, Manan Vora, Sr. Vice President of Strategy & Operations, Liminal, said:
“We are confident that this program will help secure the projects building on Tezos. It will also ensure that users and Web3 builders have full autonomy over their digital assets.”
Liminal was founded by Mahin Gupta, who is also one of three co-founders of Zeb Pay, a prominent Indian cryptocurrency exchange. Liminal is an ISO 27001 & 27701 and SCO2 Type1 and Type2 certified entity securing a reliable, universal wallet management experience for several blockchains through their Vaults. Liminal has currently more than $200 million worth of assets under protection and is supporting more than 1500 digital assets.
Earlier this year, Liminal raised $4.7 million in its seed funding round led by Elevation Capital, a venture capital firm providing early-stage capital for startups in India. Indian cryptocurrency exchange CoinDCX also participated in the funding round along with marquee angel investors such as Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani and Ajeet Khurana. Other investors included LD Capital, Woodstock, Nexus Ventures, Hashed, Cadenza Ventures, Vauld, Better Capital and Sparrow Capital.
On the other hand, Tezos India, an organization working with the sole mission to grow the Tezos community in India, is engaged in a variety of initiatives relating to or involving DeFi, Web3 economics infrastructure, NFTs, and allied projects.
In the near future, Tezos India looks forward to supporting many more projects/companies that are building reliable and safer solutions in and for the web3 arena.
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