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Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

Liminal, a Singapore-headquartered provider of custody services, won regulatory approval in Abu Dhabi as its expansion outside its home base takes another step forward, its representatives told CoinDesk in an interview Monday. The firm's First Answer Middle East subsidiary received the Financial Services Permission (FSP) from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA) on Thursday, allowing it to provide custody in the region. In the past few weeks, Liminal has seen a series of regulatory positives in the Asian Pacific (APAC) and Middle East and North Africa (MENA). Liminal has notified the MAS that it has begun the process of applying for a license.

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