Coinbase (NASDAQ:COIN) is announcing the launch of the Coinbase Prime Web3 Wallet.
As a digital asset management service provider, Coinbase developed institutional capabilities for their clients. They claim to have always kept security and utility top of mind, and today marks another step in that evolution “by providing institutional and enterprise clients a secure way to operate onchain with multi-user access via our Web3 Wallet.”
Leveraging MPC technology for a non-custodial wallet, clients can now:
- Store any token from supported networks, including assets not yet available on Prime Custody
- Gain instant access to funds
- Interact directly with dapps and smart contracts
- Tap into decentralized liquidity to trade a large range of assets
- Vote on DAO governance
- Lend assets or stake with direct access to DeFi
- Buy, sell, mint, and manage NFT collections
- Manage web3 social accounts
Coinbase have seen steady demand from institutions “to get direct and secure access to web3 and DeFi. Institutional clients have been looking for reliable access but have struggled to find it in the current environment.”
Many of our own institutional clients have “had to use a patchwork of fragmented solutions to access web3 up until now.”
With their Web3 Wallet, clients can easily access web3.
- Full Prime integration: Set up and access web3 wallet directly from your existing Prime account, providing access to any dapp, and tokens from supported networks. With a few clicks, you can move funds from your custodial wallets into your Web3 Wallet and back.
- Your home for web3: Coinbase Prime is your singular home for web3 activity — get started with just a few clicks. Users can get secure and direct access to DeFi and web3 from the most trusted brand in crypto. Forego fragmented solutions with multiple providers, additional operational risk, myriad 3rd party contracts, and the added costs they introduce.
- Consistent experience: Across UX and data, we bring a level of consistency that makes it easy for you to follow your organization’s web3 activity and reconcile transactions post execution.
Coinbase Prime and Web3 Wallet reporting are “unified to account for all web3 activity and provide a clear audit trail for our clients.”
For more details, check here.
