WAWLLET launches regulatory-compliant multi-asset wallet


WAWLLET has launched a regulatory-compliant multi-asset wallet and personal financial passport, just days after raising $35m in the pre-sale of its new WIN Tokens.

The company claims to be the first personal banking platform to bridge the gap between fiat and cryptocurrencies, connecting people, banks and financial services.

Its platform includes a four-pocket online wallet to let users view and manage their fiat money, cryptocurrency accounts, credit/debit cards and gold together in one place. WAWLLET provides a single dashboard view of FIAT and digital assets, letting users transfer between them instantly, wherever their accounts or assets may be in the world.

Mihail Lala, Founder, WAWLLET, commented: “The link between fiat and cryptocurrencies is key to mass adoption of decentralized blockchain currencies and technologies. As cryptocurrencies become more prominent and personal online banking thrives, the world needs a secure multi-asset wallet. We know that more and more people want a simple, secure solution for managing the growing complexity of multiple asset and currency classes. We have architected just that solution.”

WAWLLET integrates banks, cryptocurrency exchanges, commodity traders and vaults from every targeted jurisdiction.

By building a unified, regulatory-compliant on-boarding process that leverages advanced identity management mechanisms and cryptocurrency rails, WAWLLET said it enable a cost-effective transaction, with minimum friction to users in any country.

Earlier this month, WAWLLET raised $35m in the pre-sale of its new WIN Tokens. The company is set to launch an ICO for up to 89 million of its ERC20 compliant WIN Tokens at $3 USD per Token on 29 January. A EU listed Venture Capital firm has already committed the purchase of $35m USD worth of Tokens and a lock-in of up to 18 months. Around half (44 million) of the Tokens will be available on the Public ICO, with the remaining 45 million Tokens available in a VC and Hedge Funds session.

Copyright © 2018 RegTech Analyst

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