On August 14, 2025, Gemini launched a smart wallet designed for DeFi users and onchain assets, offering new ways to interact.
Launch Announcement
Gemini officially unveiled its new self-custody smart wallet aimed at enhancing user access to DeFi and onchain assets. This wallet offers tools like gas-free swaps and passkey authentication, improving user engagement with leading DeFi solutions. Eric Kuhn from Gemini remarked:
> "We’ve built a first in class self custody wallet that unlocks DeFi and Web3 for every crypto user across the globe. A fully embedded experience powered by passkeys. Meet the Gemini Wallet."
Development and Impact
The launch of the Gemini Wallet was spearheaded by Tyler and Cameron Winklevoss, marking Gemini's transition from a centralized exchange to a key player in onchain finance, enhancing global user engagement with cryptocurrency markets.
Technological Advancements
The introduction of the smart wallet impacts user experience and market trends by providing seamless access to DeFi ecosystems, thanks to partnerships with Morpho and Bungee. These integrations facilitate user participation in cross-chain swaps and yield generation.
The launch of the new smart wallet from Gemini may have significant technological and regulatory implications, enhancing user interaction with asset management. This initiative aligns with previously observed trends of increased adoption of such innovative solutions.
