What Is Wallet-as-a-Service (WaaS)?

Wallet Infrastructure Is Changing

Wallets are foundational to every onchain interaction, but building and maintaining them has become more complex. Teams face a balancing act between secure key management, cross-chain support, user onboarding, and a smooth UX.

At the same time, demand for embedded crypto features is rising fast. Fintechs, DeFi protocols, NFT platforms, and consumer apps are all adding wallet flows into their products.

For most teams, building wallet infrastructure from scratch is too expensive and time consuming. The shift to Wallet-as-a-Service (WaaS) reflects a broader trend: developers want tools that abstract the hardest parts so they can focus on what makes their product great.

What Is Wallet-as-a-Service (WaaS)?

Wallet-as-a-Service is to wallets what Stripe and Plaid are to payments and data. It abstracts complexity while giving teams full control over how wallets are created, secured, and used inside their apps.

Instead of managing blockchain nodes, storing keys, or handling KYC logic yourself, a WaaS platform lets you embed wallets directly via APIs or SDKs. Teams can stay focused on UX and product logic without compromising on security or scale.

WaaS lets you focus on your product while still delivering self custody to users. Behind the scenes, a WaaS platform typically handles:

• Key generation and recovery
• Blockchain node infrastructure
• Secure transaction signing
• Session and passkey authentication
• Integrations with compliance tooling like KYC and on-ramps
  
  

Core Features of WaaS Platforms

The best WaaS platforms offer full-stack infrastructure and dev tooling, not just wallet creation. You should expect:

• Developer-first APIs and SDKs: Wallet creation, funding, and policy enforcement in just a few lines of code.
• Secure key management: Using MPC to eliminate single points of failure.
• Multi-chain support: Support for major EVM and non-EVM networks with a single integration.
• Modern authentication flows: Passkeys, social logins, 2FA, and session-based auth supported out of the box.
• Policy and access control: Configure spending limits, approval flows, and transaction rules through code.
• Observability and audit logs: Full visibility into wallet activity with webhook events, logs, and monitoring.

‍

How WaaS Benefits Developers and Businesses

WaaS platforms let you move faster, without sacrificing control or security.

For early teams, the biggest advantage is time. You can integrate wallets in days instead of weeks, using production-ready infrastructure that handles everything from key management to wallet funding.

You also get security out of the box. Distributed key management ensures that private keys are never fully constructed or stored in one place. This helps meet internal controls and external standards like SOC 2 compliance.

On the operational side, the SaaS model makes wallet infra predictable:

• No infra to maintain
• Pay only for usage
• Upgrade wallet flows without breaking UX

And because the whole wallet layer is observable, teams can see where users drop off, when sessions break, or which flows need improvement.

Choosing the Right WaaS Platform

As you evaluate providers, ask:

• Do they use MPC for key security?
• Are they SOC 2 or ISO certified, and do they undergo regular audits?
• Do they support the chains your product depends on?
• Are passkeys and session auth supported?
• Is documentation clear and production-tested?
• Can the platform support advanced compliance and on-ramp intregations?
  
  

How Dynamic Approaches WaaS

Teams like Magic Eden, Kraken, Lighter, and Stripe use Dynamic to power wallet experiences for millions of users across Ethereum, Solana, Base, and more.

With Dynamic, developers get:

• Instant wallet creation and recovery with the gold standard of key management, TSS-MPC
• Social login and passkey auth flows
• Embedded wallets and external wallet support in one integration
• Server wallets for next-gen use cases like treasury management
• Session stability and observability
• SDKs built for production teams with tight SLAs
• Advanced features such as multi-wallet management, and integrations with trusted funding and compliance providers

If your team is building wallets into your product, Dynamic delivers the infrastructure to do it securely, quickly, and at scale.