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 Chinese Virtual Currency Business Association and work with other members to promote the development of the thriving virtual asset industry in Taiwan and establish industry standards.
Wallet provider Liminal announces landing in Taiwan
Virtual asset custody and wallet infrastructure provider Liminal recently announced the establishment of a local company called “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 moment, Liminal held an official 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, coupled with a sound and forward-looking regulatory framework, making it an ideal expansion hub for Liminal.
By establishing First Answer Taiwan LLC, 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 for Liminal Taiwan, said, “Entering Taiwan is an exciting and crucial milestone for Liminal, marking further expansion of our business in the Asia-Pacific region. Taiwan’s emphasis on security and compliance aligns well with our core values. We look forward to providing high-quality, localized services to local businesses and regulatory authorities.”
Accelerating landing in Taiwan through important collaboration with XREX
The establishment of First Answer Taiwan LLC 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 Taiwanese market but also contribute its rich experience in overseas custody to help enhance Taiwan’s virtual asset management capabilities and service quality, thereby enhancing the market’s professionalism and competitiveness. In the future, Liminal will continue to strive to become 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 due to its collaboration with local renowned company XREX.
XREX is a digital asset exchange and cross-border solutions provider focusing on internet security and regulatory compliance. This collaboration highlights 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 allow us to showcase our professional capabilities and focus on providing high standards of security and regulatory compliance in the digital asset field.”
Through collaboration with XREX and other key partners we are in contact with, Liminal has gained a broader customer base, further consolidating its market position in the Asia-Pacific region. The company is committed to providing excellent services to meet the evolving needs of the Taiwan market.