Amidst the buzz at Proof of Talk 2025, Eowyn Chen, CEO of Trust Wallet, unveiled a transformative vision for self-custody wallets. Speaking to BeInCrypto, Chen articulated a future where these digital vaults morph into comprehensive “Web3 companions,” bridging the gap between traditional finance and the decentralized world. In a realm teeming with builders, regulators, and partners, her insights on the evolution of crypto wallets couldn’t have been more timely.
Navigating the New Era of Self-Custody
The shift from simple self-custody wallets to sophisticated Web3 companions marks a pivotal evolution in the crypto landscape. “We’re not just talking about holding assets securely anymore,” Chen explained. “It’s about enabling users to interact with a multitude of decentralized applications seamlessly.” Trust Wallet, under Chen’s stewardship, is spearheading this shift by integrating stablecoin yield solutions and real-world asset interactions into its platform. This aligns with broader industry trends, such as those highlighted in Standard Chartered’s exploration of non-stablecoin tokenization, which sees new growth frontiers in this area.
For the uninitiated, self-custody wallets have long been a staple for crypto enthusiasts who value security and autonomy. However, as the Web3 ecosystem expands, there’s a growing demand for wallets that do more than just store crypto. “Users want to earn yields, trade NFTs, and even participate in governance—all from one interface,” Chen noted. This holistic approach not only enhances user experience but also aligns with the broader movement towards decentralization.
Real-World Applications: Bridging CeFi and DeFi
Chen’s vision extends beyond the digital realm, aiming to integrate real-world assets into the crypto ecosystem. This strategic move seeks to blur the lines between centralized finance (CeFi) and decentralized finance (DeFi). “Imagine tokenizing real estate or art, allowing users to manage these assets through their Web3 companion,” she mused, hinting at a future where traditional assets are seamlessly woven into the digital fabric.
This ambitious plan isn’t just theoretical. Trust Wallet is already laying the groundwork by collaborating with key players in the space. “We’re engaging with regulators and industry leaders to ensure these integrations are secure and compliant,” Chen assured, acknowledging the delicate balance between innovation and regulation. The potential to unlock liquidity in traditionally illiquid markets presents a tantalizing opportunity for both retail and institutional investors. This mirrors the recent developments in DeFi, such as Kraken’s addition of Bitcoin staking via Babylon, which highlights the growing trend of integrating traditional assets into decentralized platforms.
The Road Ahead: Challenges and Opportunities
Despite the promise of a more integrated Web3 ecosystem, the path forward is fraught with challenges. Security remains a top concern, especially as wallets become more complex. “We can’t afford to compromise on security,” Chen emphasized. “Our users’ trust is paramount, and we’re investing heavily in ensuring the highest security standards.”
Moreover, as these digital wallets evolve, they must cater to an increasingly diverse user base. From crypto newbies to seasoned traders, the expectations vary widely. “Our challenge is creating an intuitive user experience that caters to everyone,” Chen acknowledged. The task is daunting but not insurmountable, with Trust Wallet leveraging user feedback and continuous iteration to stay ahead.
What does this mean for the broader cryptocurrency market? As wallets transform into multifaceted tools, they could drive greater adoption of Web3 technologies. This evolution might even redefine how we interact with digital assets, making them more accessible to the average user.
Looking Forward: Will the Vision Hold?
Eowyn Chen’s vision for Trust Wallet is bold, and if realized, it could reshape the digital landscape. Yet, questions linger. Can Trust Wallet maintain its edge amid fierce competition? Will regulators embrace these innovations or clamp down on them? And perhaps most intriguingly, how will users respond to this new era of web-enabled wallets?
As we stand on the brink of this new frontier, one thing is clear: the evolution of self-custody wallets into Web3 companions is a journey worth watching. Whether it leads to a more decentralized future or encounters insurmountable hurdles, only time will tell. But for now, the excitement is palpable, and the possibilities seem endless.
Source
This article is based on: Eowyn Chen on Trust Wallet’s Evolution: From Self-Custody to Web3 Companion
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
