Coinbase today announced the launch of the Coinbase Prime 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.

Clients can set up and access web3 wallet directly from their 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.

Users can get secure and direct access to DeFi and web3. Forego fragmented solutions with multiple providers, additional operational risk, myriad 3rd party contracts, and the added costs they introduce.

Clients can store any assets on nine supported networks including NFTs and DeFi tokens. There are no limitations on which types of tokens can be stored. Governance and other smart contract interactions are supported by default.

Swap assets with a built-in swap feature that searches over 75 DEXes for the best pricing available. Trade over 33,000 tokens, and swap across six major chains: Ethereum, Base, Optimism, Polygon, BNB chain, and Avalanche. The Web3 Wallet also provides swap simulations that will indicate if a swap might fail, thus helping avoid fund loss.

Clients can see their entire NFT collection in one place with detailed information on each NFT and collection, including aggregated bids from different marketplaces. Similarly, clients can see all DeFi positions in one place.

The Web3 Wallet is built into Coinbase Prime, so it leverages the same flexible team member permissioning for enhanced security. This gives clients the ability to determine the appropriate level of access for each team member by assigning them a user role with a limited set of customizable permissions. Prime Web3 Wallet also utilizes the same entity and portfolio hierarchy providing further customization based on how an institution is organized.

Coinbase Prime and Web3 Wallet reporting are unified to account for all web3 activity and provide a clear audit trail for Coinbase clients. Clients can simply access all activity history directly in Coinbase Prime, including detailed descriptions of transactions to facilitate any reporting and audit needs.

The Web3 Wallet uses the same security features as Coinbase Prime, including two-factor authentication with a physical YubiKey to access and validate transactions for your wallet. Two-factor authentication with a physical key gives clients additional offline protection.

Finally, the Web3 Wallet comes with customizable workflows so clients can decide which users on their account can initiate, approve, and sign transactions depending on the type of activity.