Asset Wallets
Introduction to Asset Wallets
Learn about Cobo’s Asset Wallets, a secure solution for managing digital assets with advanced security features and a three-tier storage architecture.
Asset Wallets are a type of fully custodial wallet designed for the secure storage, transfer, and centralized management of digital assets. They allow you to manage funds across multiple blockchains and addresses in a unified manner, without the need to interact with smart contracts or perform on-chain operations.
Asset Wallets help improve operational efficiency and control, making them well suited for day-to-day deposits and withdrawals, fund consolidation, batch processing, and multi-role collaboration.
Learn more about using Asset Wallets:
Key features
Automatic token sweep
Asset Wallets include a built-in token sweep mechanism that automatically consolidates funds from deposit addresses, helping reduce operational overhead and on-chain transaction costs.Built-in KYT compliance
All transactions from Asset Wallets are automatically screened by Cobo’s KYT engine to meet regulatory and risk management requirements.Cobo Loop support
Transfers between Asset Wallets can be settled instantly with zero fees using Cobo Loop, making it ideal for internal fund movements and wallet coordination across chains.Asset Wallets vs. Web3 Wallets
Key differences between Web3 Wallets and Asset Wallets are as follows:| Category | Web3 Wallets | Asset Wallets |
|---|---|---|
| Use cases | Suitable for interacting with DeFi, NFTs, and dApps | Designed for centralized asset storage and routine transfers |
| Address usage | Each address operates independently and you can select the source address as needed | Source addresses are centrally assigned by the system, and all transfers are initiated from shared addresses. |
| On-chain capabilities | Supports token transfer, contract calls, message signing, and approvals | Token transfers only |
| Auto token sweeping | Disabled by default; you need to enable it manually | Enabled by default |
| Fee handling | You can customize gas fees and use Fee Station | Fees are calculated and handled by Cobo |
| Access methods | Cobo Portal, WaaS 2.0 API, and browser extension | Cobo Portal and WaaS 2.0 API |
| Token support | Includes all tokens supported by Asset Wallets, plus more ERC-20 tokens via Cobo Connect | Fixed list, view supported tokens and chains |