Liminal Enhances Telos Blockchain Security with Innovative Custody Integration Jan 15, 2024 Jan 15, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 15, 2024 by Kelly Cromley

Liminal Enhances Telos Blockchain Security with Innovative Custody Integration

In a groundbreaking development, Liminal, a prominent provider of institutional-grade digital asset custody solutions, has unveiled a significant integration with the Telos Network. This strategic move underscores a pivotal stride in fortifying the security and efficiency of asset management within the Telos blockchain. Liminal acknowledges the crucial role of blockchain infrastructure in secure custody, aligning its efforts with the rising demand for alternative blockchain ecosystems and increased community engagement, emphasizing interoperability as a fundamental integration parameter for custody platforms.

 

According to Manhar Garegrat, Country Head- India & Global Partnerships at Liminal, the integration with Telos holds strategic importance in Liminal’s multi-chain ecosystem. Garegrat expressed enthusiasm, highlighting Telos’ attributes that make it an attractive platform for web3 adoption. He stated, “The addition of Telos into Liminal custody’s infrastructure is a significant step towards growing the web3 ecosystem together. Telos’ zero-downtime record since launch, high transaction throughput, and focus on Zero Knowledge technology make it a compelling platform for web3 adoption. We are excited to empower projects building on Telos as they leverage Liminal’s robust security, compliance, regulated custody, process automations, and integrations to grow their business on Telos.”

 

Sukesh Tedla, Director of Liquidity & Exchanges at Telos Network, echoed this excitement about the partnership. Tedla emphasized the alignment of values, stating, “We are delighted to find a like-minded partner in Liminal. The combined strength of both the brands will not only enhance the digital asset experience for users but also create a highly secure ecosystem for fostering innovation in digital asset custody services. We are committed to creating more synergies with Liminal in the near future.”

 

Liminal’s Integration with Telos Network

 

The integration introduces Telos, a third-generation blockchain platform, into Liminal’s custody and wallet infrastructure. This move empowers secure custody, policy-led workflows, multi-party wallet governance, and comprehensive compliance monitoring for protocols and institutions operating on the Telos Network.

 

Key Features of Liminal’s Integration with Telos Network:

 

Secure and Efficient Treasury Management: Liminal Custody’s robust MPC and Multisig-powered wallet infrastructure ensures unparalleled security for Telos-supported assets. This architecture guarantees that every transaction adheres to stringent security protocols and multi-party authorization requirements, offering granular control over asset management.

 

Policy-Driven Automation for Optimal Efficiency: Liminal’s automation workflows streamline Telos asset management processes. Users can define policy-based transaction processing rules to automate routine tasks, reduce operational overhead, and enhance overall efficiency, aligning with specific risk tolerances and regulatory requirements.

 

Vigilant Risk and Compliance Monitoring: Liminal Custody’s comprehensive risk and compliance monitoring tools mitigate potential risks and ensure regulatory compliance. The platform continuously monitors wallets and transactions for anomalies or potential violations, enabling users to take immediate action to protect their funds and adhere to regulatory standards.

 

Seamless Integration with Telos and DApp Ecosystem: Liminal’s MMI and Wallet Connect integration provide seamless access to a wide range of native Telos and mainstream decentralized applications (DApps). This integration empowers users to capitalize on their Telos asset holdings by accessing a diverse array of DeFi protocols.

 

As Liminal pioneers the integration of Telos Network into its custody and wallet infrastructure, the collaboration promises not only enhanced security but also a robust foundation for innovation in digital asset custody services. This strategic move solidifies Liminal’s commitment to shaping the future of secure digital asset management in the evolving landscape of blockchain technology.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.