March 3, 2024 4:46 am

Wallet Firm Liminal Raises $4.7M From Elevation Capital, CoinDCX, Sandeep Nailwal and Others

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Wallet Firm Liminal Raises $4.7M From Elevation Capital, CoinDCX, Sandeep Nailwal and Others

By Amitoj Singh

Liminal was founded by Mahin Gupta, who previously co-founded Zeb Pay, a prominent Indian crypto exchange.

Liminal, a company that boasts of a first-of-its kind wallet architecture focusing on the safe custody of digital assets, has raised $4.7 million in its seed funding round.

  • Elevation Capital, a venture capital firm providing early-stage capital for startups in India, led the funding round.
  • Prominent Indian exchange CoinDCX participated in the funding, as did 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.
  • Liminal was founded by Mahin Gupta, who is also one of three co-founders of Zeb Pay, a prominent Indian crypto exchange.
  • Liminal claims to be the first wallet architecture to provide secure multiparty computation, or MPC, and multisignature wallets, which require two or more private keys to sign for and send a transaction, to secure digital assets across different blockchains.
  • According to Liminal, it has eliminated manual operations by 90%, and that in one year of operation it has processed over $2.5 billion in transactions, automated transactions worth $400 million and gathered around $50 million in assets under protection.
  • “Rapid adoption of digital assets is going to be driven by multiple new-age crypto businesses and institutions,” said Vaas Bhaskar, principal at Elevation Capital. “We have been very impressed with Mahin and his team’s customer obsession and knowledge of this space.
  • Another investor, Balaji Srinivasan, added, “As they say, ‘not your keys, not your crypto’. Liminal is emerging as a viable alternative for holding your crypto.”
  • Liminal provides services to clients such as exchanges, custodians, banks, trading desks and hedge funds, addressing their prime concern of maintaining the safety of the keys while adhering with compliance.

 

Editor’s Note:

Start investing In cryptocurrency with Bitxchange www.bit-xchange.org. If you’re new to the world of crypto and figuring out how to buy cryptocurrencies, then cryptocurrency exchanges like Bitxchange can help you to easily buy and sell crypto.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8