Aggressively targeting virtual asset custody! Taiwan Mobile teams up with Qisda Information and Liminal to promote institutional-grade wallets

Singaporean custody platform Liminal officially enters Taiwan, obtaining the general agency rights through Taiwan Mobile, and partners with Systex to promote institutional-grade virtual asset wallet services.

Three giants team up to deploy in Taiwan, with telecom leaders and system integration giants advancing into Web3

As Taiwan’s virtual asset regulatory framework gradually takes shape, the institutional custody market has become a blue ocean competition among major enterprises. On April 29, 2026, Singapore’s institutional virtual asset wallet infrastructure platform Liminal Custody officially announced its entry into Taiwan, forming a strategic partnership with Taiwan Mobile, the telecom leader in Taiwan. According to the agreement, Taiwan Mobile will acquire the general agency rights for Liminal in the Taiwanese market, and will work with system integration giant Systex to jointly promote infrastructure services for institutional virtual asset wallets.

This tripartite alliance comes at a critical time for Taiwan’s virtual asset development. The Financial Supervisory Commission has approved five banks to participate in the virtual asset custody pilot (Federal Bank, CTBC Bank, KGI Bank, Cathay United Bank, and Taishin Bank). Additionally, the legislation process for the Virtual Asset Service Law continues to advance, and market demand for compliant custody and secure infrastructure is rapidly rising. Industry experts generally believe that companies that establish compliance capabilities early, before the regulatory framework is fully clarified, will gain a competitive advantage in the future.

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Balancing Security and Compliance, MPC and HSM Technologies Build Institutional-Grade Defenses

For financial institutions and large enterprises, asset security and regulatory compliance are two major hurdles to entering the digital asset industry. Liminal’s core wallet infrastructure relies on Multi-Party Computation (MPC) and Hardware Security Module (HSM) architectures. This system supports clients in self-managing private keys, effectively resolving past disputes over private key control in third-party custody.

Liminal’s platform security has been certified with multiple international standards, including SOC 2 Type II, ISO 27001, and ISO 27701, and has processed over $120 billion in transactions globally. Besides the underlying architecture’s security, this solution also includes features designed to meet regulatory requirements, such as compliance with international transfer rules (Travel Rule) screening, real-time on-chain transaction monitoring (KYT), policy-based approval workflows, and comprehensive audit logs, strengthening asset security and governance.

Practicing Telco+Tech Strategy to Lower Barriers for Financial Institutions to Adopt Digital Assets

Taiwan Mobile has actively promoted the “Telco+Tech” development strategy in recent years, aiming to extend from core telecom services by integrating AI, cybersecurity, cloud, and digital finance industries to create new growth engines. Introducing Liminal’s technology and formally incorporating blockchain into the enterprise service portfolio marks an important milestone in the company’s deepening Web3 deployment.

Systex plays a key integrator role, leveraging its long-term experience in the financial industry and channel advantages to help seamlessly integrate Liminal’s solutions into existing financial systems, significantly lowering the adoption barriers.

Taiwan Mobile’s Enterprise Business Director Zhu Hsiao-hsing pointed out that Taiwan’s high technology penetration and mature regulatory environment make it a highly potential virtual asset market in Asia.

To support this, Taiwan Mobile has established a professional compliance and advisory team, providing not only regulatory consulting but also education, training, and sandbox exercises to help enterprises develop comprehensive blockchain application capabilities.

Image source: Taiwan Mobile Taiwan Mobile’s Enterprise Business Director Zhu Hsiao-hsing (left), Liminal Custody founder Mahin Gupta (right)

Focusing on RWA and Cross-Border Payments, Diversified Institutional Client Base and International Outlook

The goals of this tripartite cooperation are very clear. Besides licensed banks and securities firms currently in pilot stages, it also includes listed companies interested in incorporating virtual assets into their investment strategies, and virtual asset service providers (VASPs) seeking to upgrade their security and governance frameworks.

The collaboration will focus on establishing institutional-grade security and governance mechanisms, assisting operators in building compliant technical infrastructure, and supporting emerging applications such as real-world asset tokenization (RWA) and stablecoin payments. Recently, Liminal has also been expanding its international influence, working with Swiss cybersecurity firm Securosys to launch “Liminal HSM Vaults,” which combines MPC authorization mechanisms with hardware security modules that meet FIPS 140-2 Level 3 standards.

As digital assets gradually become institutionalized, platforms with cross-border and cross-regional capabilities will become vital for Taiwanese companies to expand globally, opening a new chapter in the digital economy.