(option) Integrated Non-custodial wallets

To receive tokenized assets, investors are required to provide a wallet during the onboarding process of the issuer. This wallet will be linked to their on-chain identity (if not done yet). The T-REX Platform offers integrated wallet solutions that simplify this process and enhance the user experience. Here's how it works:

Seamless and Invisible Wallet Integration

• Wallet provision: To facilitate the user experience, our platform has integrated wallet providers. This enables automatic wallet generation during onboarding and allows investors to sign blockchain transactions directly from the Investor app.
• Invisible solutions: The integrated wallets are invisible to users. The signature process is handled from the front-end, and our platform is connected to the wallet provider via API. The user only confirms the signature.

Complete Transaction Management

The T-REX Platform manages the entire transaction process, providing simplified UI Flows: By preparing the transactions and payload, managing the gas fees, and facilitating the signature, the system streamlines user interface flows on the turnkey white-label web applications, making the user experience more intuitive and straightforward.

Regulatory Considerations and User Control

In many jurisdictions, particularly in the EU region, providing custodial wallets to users may require extensive licensing, such as Virtual Asset Service Provider (VASP) licenses. This is typically the case if the issuer controls private keys or manages cryptocurrencies or stablecoins for its users. To avoid these regulatory complexities and ensure compliance, it is crucial to provide non-custodial wallets. Here's how we ensure user control:

• Wallet Ownership: While the wallet is generated during onboarding, the token holder takes ownership and control of it upon accessing the Investor app. They do this by signing a transaction and claiming their wallet.
• Transaction Signing: Only the token holder can sign transactions. Neither the issuers nor the T-REX Platform can sign transactions on their behalf or access their wallet.
• Token Recovery: Even if an investor loses access to their wallet, they can still request a token recovery for any of their ERC-3643 tokens, eliminating the risk of losing their tokens.

By providing non-custodial wallets, we ensure that the platform and our customers remain compliant with relevant regulations while giving token holders full control over their assets.

Simplified Access to Wallet Providers

To further enhance the user experience and simplify the process for our clients, we may also facilitate access to integrated wallet providers by managing the commercial contract with the provider.

Current Limitations

While our integrated wallet solutions offer numerous benefits, it's important to note that the management of signature policies is limited. For example, it is more complicated for token holders to sign transactions with their wallets on DeFi applications who don't use the same wallet connection methods.

User Experience and Responsibility

With integrated wallet solutions, investors don't need to worry about wallet creation, linking the wallet to their on-chain identity, or the secure signature process. They use the authentication method they chose when claiming the wallet, which can be biometric, a PIN code, or other methods compatible with WebAuthn. However, it's essential to understand that the responsibility for the wallet and its private keys lies solely with the token holder.

By offering seamless wallet integration, the T-REX Platform provides a secure, user-friendly, and efficient tokenization process that caters to the needs of both investors and issuers.