The launch is on the back of the Singaporean market’s heightened interest in Web3, DeFi and crypto events.
Nasdaq-listed Coinbase has launched an institutional-grade web3 wallet in Singapore, fully integrated into the Coinbase Prime platform.
The launch is on the back of the Singaporean market’s heightened interest in Web3, decentralised finance (DeFi) and cryptocurrency events, says Coinbase VP of institutional sales and trading Kevin Johnson.
“Many institutions have been searching for reliable Web3 and DeFi access. Our new Web3 wallet addresses these needs, providing a comprehensive, integrated solution for the modern enterprise,” he adds.
Enterprises are able to tailor the Web3 wallet to align with their unique business workflows, ensuring compliance with security policies, team member permissioning and audit trail clarity.
Even in extreme scenarios such as device loss, users can swiftly recover their wallets using Coinbase’s innovative mechanisms, the company says.