Gemini, a leading crypto custody and exchange platform, has launched the Gemini Wallet, an advanced custody tool designed to simplify entry into the Web3 ecosystem. The wallet is a portable, embedded smart wallet that allows users to manage digital assets within and outside decentralized applications (dApps). It eliminates the need for standalone and embedded wallet models, offering a more adaptable approach. The wallet also features passkey-based onboarding, eliminating the complexity of recovery phrases and app downloads, allowing users to access their accounts with minimal friction. Gemini has also introduced the Onchain Dashboard, a transparent platform for streamlined portfolio management. The wallet aims to resolve persistent onboarding issues in the Web3 environment by combining passkey security with hardware-bound syncing, simplifying the user experience while maintaining high security standards. The wallet’s user-friendly onboarding, compatibility with various dApps, and secure asset management could encourage greater participation in blockchain-based finance and services. This development could set a precedent for future crypto custody designs and make the Web3 sector closer to mainstream adoption through accessible, secure, and efficient solutions.