As blockchain technology became more accessible in the past 10 years, businesses no longer need to build complex wallet infrastructure from scratch.
This is where wallet as a service (WaaS) comes in. Wallet-as-a-service provides ready-made blockchain wallet services that allow companies to integrate secure crypto wallets directly into their products, without deep blockchain expertise.
In simple terms, WaaS lets you offer wallet functionality the same way you’d use a cloud service: fast, scalable, and reliable. But how does this product actually work, and what real help can it bring to a business?
Before diving into the details, discover how Evercode Lab can accelerate your blockchain vision. With our white-label solutions, you can build and launch crypto and Web3 products faster than ever, backed by full-cycle technical support from concept to launch.
What Is Wallet-as-a-Service (WaaS)?
Wallet as a service is a solution that enables businesses to create, manage, and embed crypto wallets using APIs and SDKs provided by a specialized infrastructure provider.
So, instead of building a wallet system from the ground up, companies can rely on proven blockchain wallet services to handle critical components such as private key management, transaction signing, security controls, and network connectivity.
You may also see this model referred to as crypto wallet as a service or simply WaaS.
Regardless of the name, the goal is the same: simplify wallet creation while maintaining high security and performance standards.
How Wallet-as-a-Service Works
Core Infrastructure and Abstracted
Behind the scenes, WaaS providers operate secure wallet infrastructure across multiple blockchain networks.
Businesses interact with this infrastructure through APIs, allowing them to integrate wallet features into apps, exchanges, fintech platforms, or Web3 products through related and secure providers.
This abstraction removes the need to directly manage private keys, nodes, or complex blockchain logic. Instead, WaaS providers offer configurable security models, including custodial, non-custodial, or hybrid approaches, depending on regulatory and business needs.
Built for Scale and Compliance
Modern digital wallet platforms, as crypto wallets as well, built on WaaS are designed to scale from a few users to millions.
Many providers also support regional compliance requirements, audit logs, role-based access, and recovery mechanisms, features that are difficult and expensive to build internally.
Why Businesses Choose Wallet-as-a-Service
Faster Time to Market
Launching a wallet using WaaS can take weeks instead of months. This allows teams to focus on product features and user experience rather than backend complexity.
Reduced Development Costs
Custom wallet development requires specialized cryptography knowledge, constant security updates, and long-term maintenance.
By using blockchain wallet services, companies avoid these hidden costs while benefiting from continuously updated infrastructure.
Enterprise-Grade Security
WaaS providers typically implement advanced security practices such as hardware security modules (HSMs), multi-party computation (MPC), and transaction policy controls.
This makes a crypto wallet as a service a safer option for businesses handling digital assets at scale.
How WaaS Can Boost Your Product
Wallet functionality is no longer limited to crypto exchanges. Today, wallets power payments, loyalty programs, gaming assets, NFTs, and tokenized financial products.
By integrating WaaS, businesses can offer seamless onboarding, embedded payments, and asset management without forcing users to leave the platform.
For product teams, this means higher user retention, better conversion rates, and faster experimentation with new blockchain-based features.
Final Thoughts
To conclude, wallet-as-a-service is becoming a foundational layer of modern Web3 infrastructure. As demand for secure and user-friendly wallet experiences grows, WaaS enables businesses to stay competitive without reinventing the wheel.
If you want to launch a secure crypto wallet without the complexity of building everything from scratch, our white-label wallet-as-a-service solution is designed to help.
Evercode Lab provides a market-ready digital crypto wallet with flexible brand customization, enterprise-grade security, and support for multiple blockchain networks.
Our solution allows you to integrate wallet functionality quickly, scale with confidence, and focus on growing your product, while we handle the underlying wallet infrastructure.