Blockchain adoption is rapidly growing, but managing digital wallets across multiple chains can be a complex and daunting task for developers and end users. That’s where Venly’s Wallet as a Service (WaaS) comes in. We allow developers to easily create, manage, and integrate multi-chain wallets with security, user adoption, and scalability at the forefront. Want to start onboarding users in seconds with instant white-labeled wallets? Read on!

Wallet as a Service (WaaS)

WaaS allows businesses to abstract away the complexity of blockchain wallet management by offering a plug-and-play solution. It enables seamless wallet creation, management, and transactions across multiple chains without needing expertise in building Web3 wallets.

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Venly’s WaaS provides a user-friendly Wallet API and Widget that support over 14 blockchains, offering secure and straightforward integration. With social logins, advanced security, and seamless onboarding, you can improve user experiences without building the infrastructure from scratch.

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We support custodial and non-custodial wallets, a customizable UX, multi-blockchain support, and several handy features such as faucets and the ability to resubmit failed transactions.

Pain Points and Challenges:

Creating and managing Web3 wallets comes with several pain points:

• Security Concerns: With countless hacks and vulnerabilities in the crypto space, wallet security is of paramount importance. Developers face the challenge of integrating wallets that provide top-notch protection for users and their assets.
• Multi-chain Complexity: Each blockchain has its own infrastructure and technical intricacies, and integrating wallets for multiple chains is time-consuming and expensive. Don’t forget each chain pushes constant updates while crypto already goes at lightning speed!
• User Experience: We want to onboard the masses, yet crypto newcomers often struggle with complex wallet setups and interactions. Developers need a solution that simplifies the process for Web2 users without compromising security.

Venly’s Solution: Secure, Easy, and Scalable Wallets

Venly offers two wallet integration options that are designed to solve these challenges efficiently: the Wallet Widget for easy, secure setup without technical expertise, and the Wallet API for full customization and advanced features.

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1/ Venly’s Wallet Widget

Venly’s widget is perfect for quick and easy integration, offering a ready-to-use wallet solution with minimal setup. Venly handles all security measures, making it ideal for those seeking a hassle-free implementation without deep technical expertise.

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Choose the widget if you want to achieve: e-mail or social logins for onboarding, an intuitive interface,  and improved user interaction.

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2/ Venly’s Wallet API

Enables extensive customization and full ownership, allowing you to tailor the wallet to your project's needs. As a white-label solution, it offers flexibility and control, making it the best choice for developers who need advanced features and specific functionality.

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Choose the API if you want to achieve: white-labeled wallets, token swapping, gasless transactions, fiat onramp support, and suitability for all platforms.

• Security First: Venly employs rigorous security protocols, including multi-factor authentication (MFA) and cryptographic key management, to ensure transaction integrity and asset safety.
  
  Our WaaS model reflects a commitment to providing users with a high level of individual control, security, and transparency in managing their digital assets. That’s why Venly chooses the segregated wallet approach versus the omnibus one.
  
  Aside from the our choice for segregated web3 wallets, we also provide our customers with an attack-mode feature, engineered to offer immediate protection against potential security threats and unauthorized access.
• Multichain Support: With Venly, developers can build digital wallets that work across 14 blockchains like Ethereum, Polygon, and Binance Smart Chain—without worrying about the underlying complexities.
• Flexible Custody Options: Venly provides both custodial and non-custodial wallet options, giving businesses the flexibility to choose how they manage their users' assets.
• Developer-Friendly: Venly’s comprehensive documentation and quick-start guides (like this one) make it easy for developers to get up and running. Whether it's wallet creation or integration, Venly’s intuitive APIs and SDKs streamline the process.

Use Cases of WaaS:

1. Mass User Onboarding: Web3 is going to change the world. But to get there, people need to be able to use it. We can make the process painless and get your users onboarded faster than you thought possible. Read more how to make instant Web3 wallets for your users on our onboarding page. Coinstats, a leading crypto, DeFi, and NFT portfolio manager, onboarded 700K users over 18 months through the Venly Wallet API.

2. Web3 Gaming: Developers can seamlessly integrate digital wallets to enable true ownership of in-game assets, offering smooth transactions and trading experiences within the game ecosystem. Discover how to build and expand your Web3 game with Venly by visiting our dedicated page. The Sandbox, one of the largest metaverse platforms, onboarded nearly 2 million users using Venly’s Wallet API.
3. Real-World Assets (RWAs): Mint, store, and transfer tokenized assets. Represent real-world assets on-chain as tokens and democratize access to a wider user base. While platforms like Toyow use Venly’s WaaS to tokenize real-world assets such as art or real estate, making them more accessible and liquid, Carré democratizes real estate investment via our Wallet API. Check out our dedicated landing page and learn how to manage your entire RWA tokenization lifecycle with Venly.
4. Loyalty Programs: Transform traditional loyalty programs by integrating Web3 wallets, enabling users to own and trade loyalty points as digital assets. With Venly’s Wallet API, businesses can create more engaging loyalty experiences for their customers. Discover how our solution can help you revolutionize your loyalty programs by visiting our loyalty page.
5. Use case and industry agnostic: Venly’s WaaS is built to serve any project or industry, allowing businesses across sectors to leverage our flexible and secure wallet solutions. Whichever industry you’re in, our API can easily meet your unique needs, providing the scalability and security required for user onboarding.

Why Choose Venly?

• Ease of Integration: Our API is straightforward, with extensive guides for creating your first wallet and integrating it into your app or platform. We have a full-fledged developer portal to get you started on your own.
• Scalability: Whether you’re a startup or an enterprise, Venly’s WaaS scales effortlessly to match your needs, ensuring the ability to handle millions of transactions.
• Unmatched Security: With secure PIN mechanisms, private key management, and additional layers of protection, Venly provides peace of mind.

Getting Started:

Ready to integrate Venly’s Wallet as a Service? Set up a meeting with one of our experts or start building right away via our Developer Portal.

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