Liminal Newsletter: November Edition

November marked a historic month in the digital asset landscape! A significant milestone in digital asset adoption has been reached as institutional Bitcoin investment vehicles now command greater assets than traditional gold funds. Nations worldwide are increasingly embracing digital assets as strategic reserves, with major economies holding substantial Bitcoin positions. Meanwhile, BlackRock's BUIDL expansion to multiple blockchain networks signals growing institutional confidence in blockchain technology, marking a significant step towards mainstream adoption.

At Liminal, we share this transformative momentum with our latest developments:

Bitcoin ETF Milestone Signals Institutional Shift

A significant milestone in digital asset adoption has been reached as institutional Bitcoin investment vehicles now command greater assets than traditional gold funds. With over $33 billion in assets under management accumulated in just 10 months, this achievement marks a pivotal moment in the institutional recognition of digital assets, especially noteworthy given that traditional gold ETFs have been trading since 2005.

Nations Embrace Strategic Digital Asset Reserves

A significant shift is occurring in national treasury management as countries increasingly adopt digital assets alongside traditional reserves. Major government holdings now include the United States (207,189 BTC), China (194,000 BTC), United Kingdom (61,000 BTC), and El Salvador (5,800 BTC). Notably, Bhutan's innovative $1 billion Bitcoin strategic reserve demonstrates how digital assets can be leveraged for public benefit, including funding public sector initiatives.

BlackRock's BUIDL Expands to Multiple Blockchains

BlackRock's tokenized money market fund (BUIDL) is expanding its reach to multiple blockchain networks, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Initially launched on Ethereum, this expansion represents a significant step in institutional adoption of blockchain technology, with the fund focusing on short-dated U.S. Treasury bills and similar low-risk, interest-bearing securities.

Product Feature of the Month

Introducing Mobile Policy Approval for Liminal Vaults 📱

We are pleased to announce the launch of our latest feature, Mobile Policy Approval, which allows our users to manage their digital assets with greater flexibility and convenience.

With Mobile Policy Approval, users can now:

• Approve whitelist addresses, spending limits, and transaction limits directly from their mobile device
• Experience a user-friendly interface for seamless policy management
• Maintain control over their digital assets anytime, anywhere

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