Introducing Coinbase Prime Onchain Wallet: The easiest and most trusted gateway to operate onchain

Coinbase has a mission to bring the next billion people onchain, and an important part of that mission is institutional investors. Coinbase Prime Onchain Wallet, formerly Prime Web3 Wallet, is an institutional-grade wallet reflecting our commitment to delivering the easiest and most trusted gateway for institutions to operate onchain. 

Prime Onchain Wallet offers:

• A home for your onchain operations: Store assets and interact with any smart contract or onchain app using our non-custodial wallet.

• Coinbase Prime integration: Leave fragmented solutions behind and operate seamlessly onchain through your Prime account - our full-service brokerage platform. Unified reporting and consistency makes it easy for users to follow onchain activity and reconcile transactions.

• Onchain experience and security, built for institutions: Custom solutions to meet institutions’ unique needs including institutional-grade reporting, access controls, key recovery, and a policy engine designed for secure onchain operations -  all with SOC 2 compliance. 

As the most trusted and only publicly-listed crypto exchange, Coinbase uniquely offers a one-stop solution for institutions, integrating a non-custodial wallet (Prime Onchain Wallet) alongside trading, financing, custody, and staking services (Coinbase Prime) in a single interface. Prime Onchain Wallet is now available for self-serve onboarding for all Prime clients ,which streamlines the administrative process of account opening . New clients can also gain access by signing up for Coinbase Prime or by contacting us here www.coinbase.com/prime/onchain-wallet.

Evolution of Prime Onchain Wallet

Since launching last year, we have released a number of new features.

• Solana: In addition to supporting Ethereum, Base, and EVM networks, Solana support is also now live on Prime Onchain Wallet, enabling users to store any assets across the Solana network and seamlessly interact with Solana apps. 

• Customizable policy engine: Clients can tailor their Onchain Wallet approval process using our policy engine to enhance workflow efficiency and decide which users on their account can initiate, approve, and sign transactions.

• Dynamic fee mode & transaction simulation refresh: Ensure that transactions are current and appropriately fee-adjusted, reducing delays and failures.

• Transaction labeling: Labels are added to onchain transactions after they’re broadcasted, allowing users to quickly differentiate between actions such as swaps, sends, mints, and more when viewing activity history.

Expanding Prime Onchain Wallet: API Access for Institutional Clients

As our institutional client base grows, we are dedicated to evolving Prime Onchain Wallet to meet their increasing demands. Our goal is to support additional use cases, such as programmatic wallet access, empowering institutions to automate workflows like sending, receiving, and on-chain trading. By offering API-based access, we enable seamless automation of approval and signing processes, catering to the needs of clients with complex operational workflows.

This sets the foundation for Prime Onchain Wallet to be the easiest and most trusted platform for institutions to operate onchain.

For more information, visit www.coinbase.com/prime/onchain-wallet.