Our integrated wallet option is designed for investors less familiar with technical aspects. It offers advanced security and user-friendly functionality, ensuring the safety of token investments by distributing the key generation among a network of independent signers without offloading the responsibility of securing the keys like non-custodial solutions do.
Integrated wallets are separated for each issuer to prevent token qualification issues and maintain wallet security. In other words, the investor can only hold in their integrated wallet tokens from a single issuer.
If you would like to give your users access to this particular account type, please reach out to our Customer Success team for personalised assistance and guidance in this matter.
Warning : Integrated wallets works for Direct and Conditional transfers
Note: Consult our available Wallet Type Guide on our platform.
Benefits
Decentralized custody
The integrated wallet stands out by securing digital assets uniquely. It splits crypto wallet keys into smaller pieces across a network, preventing full key access and minimizing theft or loss risks.
No need to save your private key
The peer-to-peer network replaces single keys with parts of the secret being distributed across participants.
How to configure
Follow the steps outlined below to ensure your investors have integrated wallets when the issuer whitelists them through CSV imports or if the investors went through the qualification module.
Step 1: Qualify the investor
If you do not have the qualification module enabled, you can qualify an investor by using an imported CSV file and leaving the wallet field empty. For detailed instructions on executing this qualification process, please consult Qualifying an Investor via CSV, a step-by-step walkthrough for seamless completion.
Step 2: Create an account on investor portal
Once the investor receives the needed claim to be qualified, their status will be marked as 'Qualified' in the investor list. Subsequently, the investor will need to create an account and log in to the platform.
Step 3: Claim the wallet
When investors log in for the first time, a pop-up instruction will appear, prompting them to 'Claim wallet' for secure transactions (refer to the image below). This process ensures they will own their wallet.
Important: The integrated wallet setup will depend on your OS and browser. Choose the scenario that matches your setup to begin the process of creating the private key.
Step 4: Verify for every transaction
The investor chooses the desired method to store the private key, which will allow them to verify that they are the owner of the wallet before proceeding in secure transactions. The image below shows the available options for a macOS and a Chrome browser.
Important: Every account will have only one method to sign operations.
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Frequently Asked Questions
Does Integrated wallet store the sign method that the investor chooses?
No, this relies on the Web Authentication API (also known as WebAuth); it is tied to the device, browser/app, and stored locally.
How can investors change their method if they change their selected device?
There is a wallet recovery option on integrated wallet itself, not implemented at the moment. In the meantime, if the situation arises, the procedure entails seeking support from Tokeny to generate a new wallet, followed by the issuer initiating the recovery process, allowing the investor to subsequently onboard using the newly generated wallet.
How can investors recover access to their wallets?
The process involves reaching out to our support team to generate a new wallet. Subsequently, the issuer will initiate the recovery process, enabling the investor to onboard using the newly generated wallet.