$4.7 M funding secured by Digital asset management platform Liminal from Elevation Capital

Liminal, a digital asset management platform, has secured $4.7 million in a seed round headed by Elevation Capital and includes notable investors such as crypto fund LD Capital, Woodstock, and Nexus Ventures.

Coindcx, Hashed, Cadenza Ventures, Vauld, Better Capital, and Sparrow Capital were among the cryptocurrency firms that took part in the round.

Angel investors included Andreas Antonopoulos, a UK-based bitcoin advocate and tech entrepreneur; Balaji Srinivasan, the former chief technology officer of Coinbase; Sandeep Nailwal and Jaynti Kanani, the cofounders of Polygon Technologies; and Ajeet Khurana, the founder of Singapore-based Reflexical.

The money will be used to recruit additional staff and create new products, according to the company.

Liminal was founded in 2021 by Mahin Gupta and provides wallet architecture to safeguard digital assets across many blockchains.

Multi-party computation (MPC) is a cryptographic tool that allows many participants to do computations using their combined data without disclosing their individual input, whereas MultiSig is a tool for securely managing shared crypto accounts.