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.

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:

CategoryWeb3 WalletsAsset Wallets
Use casesSuitable for interacting with DeFi, NFTs, and dAppsDesigned for centralized asset storage and routine transfers
Address usageEach address operates independently and you can select the source address as neededSource addresses are centrally assigned by the system, and all transfers are initiated from shared addresses.
On-chain capabilitiesSupports token transfer, contract calls, message signing, and approvalsToken transfers only
Auto token sweepingDisabled by default; you need to enable it manuallyEnabled by default
Fee handlingYou can customize gas fees and use Fee StationFees are calculated and handled by Cobo
Access methodsCobo Portal, WaaS 2.0 API, and browser extensionCobo Portal and WaaS 2.0 API
Token supportIncludes all tokens supported by Asset Wallets, plus more ERC-20 tokens via Cobo ConnectFixed list, view supported tokens and chains

Learn more about using Asset Wallets: