Liminal improves cryptocurrency storage security and efficiency by integrating Telos network

quick take

Liminal, a leading cryptocurrency custody service provider, has integrated Telos Network into its infrastructure to enhance asset management security on the Telos blockchain. This partnership highlights the growing importance of interoperability in cryptocurrency custody environments by providing secure treasury management, policy-based automation, and compliance monitoring for Telos-based assets.

Liminal integrates Telos Network into its custody and wallet infrastructure.

Singapore based Limit, a renowned provider of institutional-grade cryptocurrency custody solutions, has made great strides in enhancing the security and efficiency of asset management on the Telos blockchain. Today the company announced the integration of Telos Network into its custody and wallet infrastructure, highlighting the growing importance of interoperability in the digital asset custody space.

Liminal’s strategic move acknowledges the pivotal role secure custody plays in the strength of the underlying blockchain infrastructure. As demand for alternative blockchain ecosystems continues to surge, these integrations highlight the evolving cryptocurrency custody landscape and the need for robust solutions.

that much Telos NetworkReleased in 2018, it garnered attention for its impressive five-year record of zero downtime. With the launch of its high-speed Ethereum Virtual Machine (tEVM) in 2021, Telos has established itself as a forward-thinking blockchain platform committed to advancing the technology. The network has witnessed significant growth, boasting over 1.2 million accounts, numerous partners, and a thriving decentralized application (dApp) ecosystem.

“Adding Telos to Liminal Custody’s multi-chain ecosystem is an important step in growing the web3 ecosystem together,” he says. Manhar Garegrat, Limit Country Head – India and Global Partnerships. “Since launch, Telos has driven web3 adoption with an impeccable track record of zero downtime, over 15,200 transactions per second with minimal fees, and a focus on enabling Zero Knowledge technology for ultimate scalability and privacy for blockchain global adoption. “It has become an attractive platform for this.”

Liminal’s integration with Telos promises enhanced security, policy-driven workflows, multi-party wallet governance, and comprehensive compliance monitoring for protocols and institutions operating on the Telos network. Some key features of this integration include:

• Safe and efficient money management: Liminal Custody’s wallet infrastructure, based on secure Multi-Party Computation (MPC) and Multisig technologies, provides unparalleled security for Telos-backed assets. This infrastructure enforces rigorous security protocols and multi-party authentication requirements, giving users precise control over asset management.
• Policy-based automation for optimal efficiency: Liminal introduces automated workflows that streamline Telos asset management. Users can set policy-based transaction processing rules that automate routine tasks, minimize operational overhead, and improve overall efficiency while adhering to specific risk tolerances and regulatory requirements.
• Vigilant risk and compliance monitoring: Liminal Custody’s comprehensive risk and compliance monitoring tools serve to mitigate potential risks and ensure compliance. The platform continuously monitors wallets and transactions for anomalies or potential violations, enabling immediate action to protect funds and comply with regulatory standards.
• Seamless integration with Telos and the DApp ecosystem: Liminal is integrated with Telos via MMI and Wallet Connect, providing easy access to a variety of native Telos and mainstream decentralized applications (DApps). This integration will allow users to leverage their Telos asset holdings by accessing various DeFi protocols.

“The combined strengths of both brands will not only enhance the digital asset experience for users, but also create a highly secure ecosystem to foster innovation,” said Sukesh Tedla, Director of Liquidity and Exchanges at Telos Network, highlighting the synergies between the two companies. emphasized. Digital asset storage service. We are committed to creating more synergies with Liminal in the near future.”

Liminal’s integration of Telos Network into its custody and wallet infrastructure highlights the continued evolution of cryptocurrency custody solutions. As the blockchain industry continues to expand, secure and efficient asset management will remain a top concern, and partnerships like this are poised to shape the future of digital asset management.

Also Read: Liminal Unveils White Label Cryptocurrency Storage Solution