Trust Wallet Adds RWA Support On Ethereum
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Update (Sept. 3, 1:15 pm UTC): This article has been updated to clarify that Trust Wallet is owned by former Binance CEO Changpeng Zhao, and is no longer owned by Binance following its share sale in 2023.. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has integrated tokenized stocks and exchange-traded funds (ETFs) into its platform. After initially disclosing the plan to introduce real-world assets (RWAs) in June, Trust Wallet has launched tokenized versions of US stocks and ETFs for use around the globe, the company said in an announcement shared with Cointelegraph on Wednesday. The integration is carried out in collaboration with Ondo Finance, a major decentralized finance (DeFi) platform focused on RWAs, and the decentralized exchange (DEX) aggregator 1inch. “Integrating RWAs into self-custodial wallets is an important step in making global finance more open and efficient,” Trust Wallet CEO Eowyn Chen said. “The bigger picture is how blockchain democratizes access to financial markets and lays the foundation for a more inclusive future of finance,” she added. Ondo brings the assets, 1inch powers the rails As part of the collaboration, Ondo Finance will supply Trust Wallet with tokenized RWA assets — stocks, ETFs and bonds — initially issued on Ethereum using smart contracts, with Solana support planned next. In the meantime, 1inch Fusion enhances liquidity and pricing to ensure smooth, efficient swaps into RWAs. Trust Wallet-supported RWA offering allows minimum investment of $1 and doesn’t require local brokerage or documents. Source: Trust Wallet “In short, Ondo brings the assets, 1inch powers the rails, and Trust Wallet makes it accessible in self-custody, acting as a platform or tool,” Trust Wallet’s marketing head, Sami Waittinen, told Cointelegraph, adding: “Trust Wallet’s philosophy has always been multichain and provider-agnostic. This is just the beginning — we’ll be integrating…
