NEW YORK, NY - AvaCloud, a leading provider of blockchain infrastructure solutions, today announced the launch of AvaCloud Wallet as a Service, a powerful embedded wallet solution designed to simplify user onboarding and key management experiences for Avalanche L1 blockchains. Developed in partnership with Cubist, AvaCloud Wallet as a Service combines a developer-friendly SDK with advanced security measures, addressing common challenges associated with Web3 user experience (UX).

AvaCloud Wallet as a Service allows businesses to easily integrate secure wallet functionality, providing straightforward authentication, key issuance, transaction signing, and more. The solution features pre-built, customizable components that significantly reduce integration time, enabling faster deployment for projects.

Key Features and Benefits

• Streamlined User Onboarding: Eliminates typical barriers to entry in Web3 applications, by removing the need for users to manage mnemonics and back up seed phrases.

• Enterprise-Grade Controls: Granular key management policies provide robust security suitable for institutions and high-value transactions.

• Fast Integration: Ready-to-use login and wallet components for rapid onboarding.

• Customizable User Experience: Embed transaction signing and wallet interactions directly into applications to overcome typical Web3 UX challenges.

• Versatile SDK Implementation: Developers can tailor the Access SDK to create custom workflows suited to unique business needs.

• Unmatched Security: Utilizes FIPS 140-certified HSMs as the root of trust, ensuring keys are generated and stored within secure hardware environments, preventing exposure during both key generation and transaction signing processes.

• Comprehensive Analytics: Businesses receive immediate access to essential performance metrics that support effective application management.

• Vertically Integrated: Seamlessly integrates with Avalanche L1 chains deployed through AvaCloud, offering built-in token data retrieval and gas relaying.

• Cross-Device Accessibility: Secure access to wallets from any device, eliminating risks associated with key export and import.

• Highly Performant: Low-latency infrastructure meets the demands of high-performance blockchain applications.

AvaCloud’s Commitment to Innovating Blockchain Infrastructure

“At AvaCloud, we understand that businesses need secure, scalable, and easy-to-integrate solutions to succeed in Web3. AvaCloud Wallet as a Service provides essential building blocks that enable businesses to launch much faster without sacrificing enterprise-grade security,” said Nick Mussallem, CEO at AvaCloud. “With seamless key management and authentication, developers can focus on building unique user experiences rather than dealing with blockchain complexity.”

AvaCloud Wallet as a Service is designed to work seamlessly within the existing AvaCloud ecosystem of services, offering a fully integrated development experience. AvaCloud Wallet as a Service integrates seamlessly with AvaCloud's gas relayer, delivering frictionless, Web2-style experiences without gas fees or disruptive wallet popups. Combined with the eERC encrypted token standard, it ensures frictionless, privacy-preserving transactions for users. By delivering this vertically integrated ecosystem, AvaCloud enables businesses to rapidly build, launch, and scale Web3 applications while ensuring superior security and performance.

Technology Behind AvaCloud Wallet as a Service

AvaCloud Wallet as a Service prioritizes security by leveraging hardware-backed key management. Developed in partnership with Cubist, AvaCloud Wallet as a Service utilizes hardware to ensure that private keys are generated and remain within protected environments. This approach prevents potential threats during both generation and signing processes. Developers can easily integrate AvaCloud Wallet as a Service using AvaCloud's React SDK.

Use Cases

AvaCloud Wallet as a Service addresses key management and onboarding needs across sectors, including:

• Gaming

• Institutional Finance

• Tokenized Real-World Asset (RWA) Trading

• Peer-to-Peer (P2P) Payment Applications

Availability

AvaCloud Wallet as a Service is available now via the AvaCloud portal. Visit the “Integrations” section to access AvaCloud Wallet as a Service with introductory plans tailored to scale with your project. Custom plans are available by contacting sales@avacloud.io.

Looking Ahead

AvaCloud will continuously enhance AvaCloud Wallet as a Service, introducing new features and comprehensive integration with our advanced privacy suite. For further information or specific use-case discussions, contact product@avacloud.io.

Learn More and Explore AvaCloud Wallet as a Service:

• Visit AvaCloud

• Quickstart Guide: Getting Started with AvaCloud Wallet as a Service

• Contact Sales: sales@avacloud.io

About AvaCloud

AvaCloud is the leading managed blockchain service empowering organizations to effortlessly build, deploy, and scale high-performance decentralized Layer-1 networks. AvaCloud provides a no-code platform, automated infrastructure, and comprehensive support, enabling businesses to focus on innovation without the complexities of blockchain management.