Singaporean digital asset custodian Liminal has received regulatory approval from Abu Dhabi's Financial Services Regulatory Authority (FSRA). This marks a significant step forward in Liminal's global expansion strategy.

The approval, granted through Liminal's subsidiary First Answer Middle East, allows them to offer custody services within the Abu Dhabi Global Market (ADGM) free zone. This adds to a string of recent regulatory wins for Liminal in the APAC and MENA regions.

Liminal is strategically positioning itself to cater to institutional clients across key markets. They're already seeing success with regulatory approvals in Dubai and India, as well as a technology provider role for Indonesia's sovereign digital asset exchange.

This expansion comes alongside recognition in Liminal's home base of Singapore. With the introduction of new licensing requirements for custodians, Liminal was grandfathered in due to their existing operations. They've also begun the process of applying for a full license with the Monetary Authority of Singapore (MAS).

Liminal's commitment to regulatory compliance positions them as a strong player in the global digital asset custody landscape. Their ability to navigate diverse regulatory environments makes them a valuable partner for institutions looking to enter the crypto space.