Key Takeaways
- Liminal and Notabene will work together to create an integrated solution for compliant crypto transactions.
- The partnership is aimed at providing a secure and reliable way to manage digital assets.
- The partnership is expected to provide a seamless user experience, which will help bring cryptocurrency into the mainstream economy.
Compliance has become increasingly important in cryptocurrency transactions as the industry continues to grow and attract the attention of regulators. With the aim of reducing the risk of financial crimes, such as money laundering and terrorist financing, various regulatory bodies around the world have implemented laws and guidelines for cryptocurrency transactions. Adhering to these regulations has become a top priority for companies operating in the crypto space, as non-compliance can lead to legal and financial consequences. As such, implementing effective compliance measures has become crucial for building trust and legitimacy in the industry and ensuring that cryptocurrency becomes a widely accepted part of the global financial system.
Liminal, an automated wallet infrastructure platform, has partnered with Notabene, a RegTech SaaS solution provider, to develop a secure and compliant crypto ecosystem. As a part of the collaboration, Liminal will integrate Notabene’s FATF Travel Rule solution into its platform, providing a plug-and-play Travel Rule solution for clients.
Liminal is an automated wallet infrastructure platform that provides a combination of multi-signature and multi-party computation (MPC) to offer secure, efficient, and compliant access to digital assets. Its operational excellence framework provides efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations, which can save businesses significant development costs.
Notabene is a reg-tech SaaS solution that makes regulatory compliance a competitive advantage. Its end-to-end FATF Travel Rule solution helps identify virtual asset accounts, perform mandated VASP due diligence, and manage global transactions from one dashboard. Trusted by leading exchanges, Notabene provides comprehensive data to manage regulatory and counterparty risks in crypto transactions.
By providing an integrated solution for compliant crypto transactions, the partnership between Liminal and Notabene will help users execute and track their digital asset transactions in a compliant manner.
Manan Vora, SVP of Strategy & Operations at Liminal, believes that the partnership is a significant step towards making digital asset transactions more secure and compliant.
The collaboration is also expected to reduce the risk of non-compliance, provide users with a reliable way to manage their digital assets, and offer a seamless user experience.
Both companies are committed to bringing cryptocurrency into the mainstream economy by ensuring Travel Rule compliance and building trust in the industry.
Notabene’s solution is trusted by leading exchanges such as Luno, Bitso, and Crypto.com. Liminal’s unified interface ensures the same wallet management experience across multiple blockchains. The partnership is expected to benefit both companies and the cryptocurrency market as a whole.
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