What happened?
Liminal, after successfully expanding into other markets in the Asia-Pacific region, is further expanding its influence in the region by officially entering the Taiwan market.
As part of this expansion, Liminal plans to join the Virtual Currency Business Association of the Republic of China (VCBA), and work together with other members to promote the development of Taiwan’s thriving virtual asset industry and establish industry standards.
Wallet service provider Liminal announces landing in Taiwan
Liminal, a provider of virtual asset custody and wallet infrastructure, recently announced the establishment of its local company, “First Answer Taiwan LLC,” in Taiwan.
This move marks an important strategic milestone for Liminal in its business layout in the Asia-Pacific, Middle East, and North Africa (MENA) regions, demonstrating its high regard and commitment to the Taiwan market. To celebrate this important milestone, Liminal held a grand opening ceremony for First Answer Taiwan on November 22, 2024, inviting distinguished guests from all walks of life to witness this historic moment.
Thriving market and strategic growth
Taiwan has a thriving virtual asset and cryptocurrency market, combined with a sound and forward-looking regulatory framework, making it an ideal expansion hub for Liminal.
By establishing First Answer Taiwan, Liminal will be able to better provide highly secure and compliant digital asset wallet infrastructure to meet the needs of the local ecosystem, and contribute to the growth and development of Taiwan’s blockchain industry.
Lesley Kuo, Sales Director of Liminal Taiwan, said, “Entering Taiwan is an exciting and crucial milestone for Liminal, signifying the further expansion of our business in the Asia-Pacific region. Taiwan’s emphasis on security and compliance aligns highly with our core values. We look forward to providing higher quality and localized services to local businesses and regulatory authorities.”
Important partnership with XREX accelerates landing in Taiwan
The establishment of First Answer Taiwan not only strengthens Liminal’s business foundation in Taiwan but also creates more opportunities to promote the security and transparency of blockchain technology and virtual asset management.
At the same time, Liminal will not only introduce innovative wallet technology solutions to the Taiwan market but also contribute its rich custody experience accumulated overseas to help strengthen Taiwan’s virtual asset management capabilities and service quality, comprehensively enhancing the market’s professionalism and competitiveness. In the future, Liminal will continue to be an important partner for Taiwan’s virtual asset service providers, helping to establish a more robust and trusted market ecosystem.
Important collaboration with XREX
Liminal’s rapid landing in the Taiwan market is thanks to its collaboration with the well-known local company, XREX.
XREX is a digital asset exchange and cross-border solution provider focusing on internet security and regulatory compliance. This collaboration demonstrates XREX’s commitment to strong asset custody management, ensuring customers can safely conduct digital asset transactions.
David Lee, Vice President of Global Sales at Liminal, further shared, “We are proud to collaborate with XREX in the process of expanding into the Taiwan market. These partnerships enable us to showcase our expertise and dedicate ourselves to providing high standards of security and regulatory compliance in the digital asset field.”
Through collaboration with XREX and other major partners we are currently engaging with, Liminal has gained a broader customer base, further solidifying its market position in the Asia-Pacific region. The company is committed to providing excellent services to meet the ever-changing needs of the Taiwan market.