> ## Documentation Index
> Fetch the complete documentation index at: https://manuals.cobo.com/llms.txt
> Use this file to discover all available pages before exploring further.

# 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.

## 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](/en/portal/custodial-wallets/asset-wallets/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](/en/portal/supported-tokens-and-chains)                        |

Learn more about using Asset Wallets:

* [Set up an Asset Wallet](/en/portal/custodial-wallets/asset-wallets/set-up)
* [Deposit to or withdraw from an Asset Wallet](/en/portal/custodial-wallets/asset-wallets/transfers)
* [Transfer using Cobo Loop](/en/portal/custodial-wallets/asset-wallets/cobo-loop)