Explore The Best Self Custody Wallet Embedded With Enterprise Level Security and Compliance
Introducing A Sophisticated Decentralized Digital Asset Custody Extension
What is Self-Custody?
The origin and presence of Crypto Asset Custody revolve around the process of trusting systems and saving private keys locally, and not hand-it-over to a third party.
Multiple facets of interacting with centralized and decentralized protocols have always prioritized faster transaction processing and smooth user interface rather than the security of the asset itself, which solidifies the practical notion of implementing a self-custody wallet industrially.
For digital assets to jump over the bottlenecks in the architectural vulnerability, secure and local digital asset custody needs to be integrated into the back end of both custodial and non-custodial wallets.
Why opt for Self-Custody?
The concept of self-custody of assets has emerged not just for individuals to have complete autonomy over their assets, but for institutions who offer trading, lending, borrowing, staking, options, derivatives, and more fundamental use cases, giving an actual meaning to digital assets custody.
With millions or billions of assets in custody, self-custody becomes imperative to safeguard customer and institution assets in a robust setting.
Self Custody solutions have evolved in their functionality with the likes of:
How does Liminal simplify Self-Custody?
Expanding The Feasibility Of Decentralized and Distributed Custody Wallets For Web3 Native Teams
Liminal’s Hybrid Model Creates An Multi-Dimensional Setup To Offer Complete Control Over Assets, Secure Infrastructure and Compliance Compatibility
Why choose Liminal?
Find A Repository Of Prominent Feature Stack To Achieve Automation Efficiency, Operational Excellence, and Cost Optimization
- A combination of Hot/Warm and Cold Wallet Configuration Based On Your Assets Usage Criteria
- A Plug-and-Play Architecture To Support Large-Scale Wallet Operations
- Interoperability Check With Support For 20+ EVM Chains and 1500+ Assets
- Insurance coverage of $50 Million by Lloyds Bank
- An Ecosystem Wide Integration of the Liminal Valuts App For Maximum DeFi Support
- Wallet key cards to ensure wallet recovery along with specialized wallet recovery training modules
- A dedicated concierge-level onboarding service to aid organizations and teams in shifting their entire custody safely
- Mobile-First Approach To Help Track Assets, Create Custom Policies, Sign Transactions, Check Balances, Revoke Permissions and Add Signatories on-the-go
- A rich developer infrastructure with extensive SDK/API integration capabilities
- Automation integration built into MPC wallet to highlight auto-sweep and wallet-refill functionality
How do we maintain asset security?
Our security parameters are structured with hardcore industry-grade standards and protocols to reduce self-custody vulnerabilities, anti-countering single point-of-failures and recovery mechanisms
We help institutions implement the most practical and effective security integrations to protect their assets from a range of threats including cyber attacks, key misplacement, regulation-based shutdowns, and inefficient practices.
Through our interlinked wallet ecosystem from Hot Wallets + Warm Wallets (Refill Wallet) linked to Cold Wallets or mainstream HSM devices (Trezor, Ledger) we maintain a secured flow of assets between them at all times. Platform-level safety is attained through our security certifications ISO 27001, SOC Type 1 & 2 and the most prestigious CCSS QSP Level-3, which makes Liminal only the second platform to have such elaborate industry-compliant audit certifications.
Listen To What Our Clients Have To Say About Their Experience Of Going Full Stream Self Custody Wallet With Liminal
How does a self-custody wallet work?
Self-custody wallet essentially holds private keys which help represent ownership of the digital assets. Plus, the self-custody cryptocurrency wallet is entirely held by the respective owner. With the self-custody wallet, the private keys are employed to sign transactions, whereas public keys help send funds to the appropriate address.
What are the pros and cons of a custodial account?
With a custodial account, the biggest downside is that users and investors are required to trust their funds and private keys to a third party. While setting up the custodial account, the user is required to go through login procedures and agree to all the terms and conditions. With custodial wallets, you don’t have to always manage your private keys while executing transaction.
Is Ledger a self-custody wallet?
Yes, absolutely. The ledger hardware wallet is a self-custody wallet. It allows you store private keys offline. Ledger offers a wide range of hardware wallets: Ledger Stax, Ledger Nano X, and Ledger Nano S Plus – to protect your digital assets and NFTs from sophisticated hacks.
What is the difference between a blockchain and a self-custody wallet?
A blockchain is a shared, immutable digital ledger stored across multiple nodes – that constitutes an encrypted record of transactions and asset ownership. On the other hand, a self-custody wallet allows users to maintain control over their wallet’s private keys. There are other kinds of custodial wallets that store private keys on their in-house servers allowing the user to access their funds instantly. Both wallets allow you to transact over blockchain without friction.
Why is Self-custody important for crypto?
A wallet is required to transact digital assets and tokens within a decentralised crypo-finance ecosystem. Custodial wallet manages your keys for you whereas self-custody cryptocurrency wallet let you manage your keys. Self-custody wallets are critical for the crypto industry because it enables crypto investors and users to maintain complete control over their crypto investments without the interference of third-party institutions. Additionally, self-custody wallet allows users to trade with cutting-edge DeFi protocols and a diverse range of Dapps.
Can self-custody be changed?
Yes, absolutely; you can switch your wallet from self-custodian format to custodian. If you find managing funds using a self-custody wallet difficult, then you can opt for a custodian wallet. With a custodian wallet, you can easily share your public address with other parties. But, the risk of losing all your crypto-asset is significantly higher with a custodian wallet. A bug in the custodian wallet application can lead to loss of life savings.
What is self-custody staking?
With self-custody staking, users get the opportunity to receive an incentive for staking their asset token. Investors and users can stake their tokens using a self-custody cryptocurrency wallet, enabling them to earn for their crypto-holdings. But, operating as a blockchain network’s node validator and staking token using a self-custody cryptocurrency wallet is a highly technical task and time-consuming.