- Liminal, a Singapore-based custody service provider, expands to Abu Dhabi after regulatory approval.
- Recent regulatory wins in Dubai and India signify Liminal’s broader regional presence.
- Strategic vision involves extending regulatory footprint beyond current markets to serve institutional clients globally.
Liminal, a Singapore-based custody service provider, has expanded beyond its shores by attaining regulatory approval in Abu Dhabi. As reported by the company’s spokesperson, Liminal’s subsidiary, First Answer Middle East, has been granted Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
In light of this, Liminal can provide custody services in UAE’s second-most populous city, following in-principal approval received last year.
Moreover, the company has witnessed several regulatory advancements over the past week. It has received the green light in the Asian Pacific (APAC), Middle East, and North Africa (MENA) regions. On another positive note, Liminal’s Dubai arm, First Answer Custody FZE, recently secured initial approval from the emirate’s Virtual Asset Regulatory …
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