Holding company Liminal raises $4.7M from Elevation Capital, CoinDCX, Sandeep Nailwal and others
Prominent Indian exchange CoinDCX participated in the funding, as did renowned 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 the three co-founders of Zeb Pay, a major Indian crypto exchange.
According to Liminal, it has eliminated manual operations by 90% and that in one year of operation it has processed more than $2.5 billion in transactions, automated transactions worth $400 million and collected around $50 million in assets under protection.
“The rapid adoption of digital assets is going to be boosted by several new era crypto companies and institutions,” said Vaas Bhaskar, Principal at Elevation Capital. “We were very impressed with Mahin and his team’s customer obsession and knowledge of this space.
Another investor, Balaji Srinivas, added, “As they say, ‘not your keys, not your crypto’. Liminal appears to be a viable alternative to holding your crypto.”
Liminal provides services to clients such as exchanges, custodians, banks, trading desks and hedge funds, addressing their primary concern of maintaining key security while maintaining compliance.