Liminal, a wallet operations infrastructure that secures digital assets, has reportedly surpassed $3 billion in transactions via its platform.
Established in 2021, this milestone comes “as a reflection of the company’s capacity to scale in a relatively short amount of time,” according to an update shared with CI.
Part of the steady growth is due to Liminal’s ability “to understand business requirements of an exchange and develop innovative solutions for operational excellence and cost effectiveness.”
Earlier this quarter, the company “introduced the Liminal Smart Refill Wallet.” This automated solution “provides users with a seamless, uninterrupted refill process for digital assets in hot wallets held on the platform.”
Smart Refill Wallet as a solution was successfully implemented by India’s crypto exchange ZebPay.
Rahil Shaikh, Head of Blockchain at ZebPay, said:
“Liminal’s smart refill wallets have eliminated ~90% of manual effort required in refilling hot wallets.”
Founder Mahin Gupta stated:
“Liminal is blending itself with automation and allowing its customers to explore opportunities in the web3 domain. This will help our users save money on maintaining their wallets and efficiently scale their operations, productivity, and security. More strategic automation will strengthen the workforce and decrease the chances of human errors and other risks.”
This streamlined solution has “saved more than 190 manual hours of work by automating more than $450 million USD in refills on predefined schedules.”
The Smart Refill Wallet “builds on the features of traditional hot wallets with seamless automation, enhanced obscurity on the user-end, and additional layers of security.”
Innovations like this have “helped Liminal surpass the milestone of $3 billion USD in transactions on the platform.”
The Liminal Smart Refill Wallet solution for hot wallet management ‘is highly customizable and can easily integrate into a platform’s existing wallet infrastructure.”
Liminal’s Smart Refill Wallet continuously “monitors and performs periodic checks and refills based on the platform’s predefined policies.”
Liminal’s custodial infrastructure “provides an on-ramp and simplified, secure and efficient solutions for digital assets under custody.”
Online and offline custody of digital assets continues “to present conflicting risks and inefficiencies.”
The Smart Refill Wallet applies a multi-signature setup “to enhance security while still giving user’s full autonomy over their private keys.”
Liminal assigns transaction signing credentials to multiple people “to ensure automation of operations.” This in return “improves accountability, eliminates single points of failure arising due to compromised private keys, and ensures continuity of operations even in the absence of one or more key holders.”
Liminal offers a solution “to one of the common causes of compromised assets by removing human error in the wallet refill process and adding additional layers of protection.”
Additionally, the added protection does “not significantly change the existing infrastructure.” Users can “continue doing their business as usual now that Liminal’s solution is in place, while lowering cost burdens.”
As covered, Liminal is “an automated wallet operations infrastructure platform that offers robust security to digital assets.”
Liminal enables crypto-native companies “to securely scale their digital asset operations through automated, plug-and-play wallet architecture.” Liminal’s security-first approach allows projects “to define customized policies and assign roles to users based on their responsibilities.”
The operations excellence framework “provides efficient fees management, transaction confirmation guarantees, seamless onboarding and other wallet operations.”
Liminal’s unified interface “ensures the same wallet management experience across multiple blockchains.”