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, 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

Learn more about using Asset Wallets:

• Set up an Asset Wallet
• Deposit to or withdraw from an Asset Wallet
• Transfer using Cobo Loop