The decentralized self-custody crypto wallet Trust Wallet (TWT) surged by 28% on Friday after rolling out a new roadmap and receiving a shoutout from Binance co-founder Changpeng Zhao.
On Thursday, Trust Wallet published a new blog, laying out plans to expand from everyday financial operations into a full trading hub featuring prediction markets and perpetuals that have up to 100x leverage.
Trust Wallet then wants to expand further and offer personalized staking and lending opportunities, and a new launchpool program for early-stage projects.
Zhao took to X to comment on the project’s new developments.
“TWT token started as an experiment. The FDV (fully diluted valuation) got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding.”
On Friday, Kraken announced that Trust Wallet will integrate the exchange’s new xStocks feature into its wallet platform.
The Solana (SOL)-based xStocks is a tokenized equities brand developed by the tokenized stocks and ETF issuer Backed. It utilizes blockchain technology to offer tokenized versions of US-listed equities in select non-US markets.
TWT is trading at $1.19 at time of writing. The 189th-ranked crypto asset by market cap is also up more than 46% in the past week.
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Featured Image: Shutterstock/George Toubalis
