The non-custodial, high-risk “degen” narrative is undergoing a major shift. The crypto landscape is being reshaped by spot ETFs, the growing dominance of stablecoins, real-world asset tokenization, and even government holdings of Bitcoin through seizures and reserves. Wallet services now face the challenge of balancing DeFi-first principles with the need to integrate traditional financial rails.
BeInCrypto sat with Marcel Harmann, the founding CEO of THORWallet, at Token2049 in Singapore to discuss the future of non-custodial crypto wallet services. Leading non-custodial wallet pioneering native cross-chain swaps, Harmann was keen to see what the industry thinks about current and future businesses.
THORWallet has been in the space since the early days. What was your original vision, and in a crowded wallet market, what are the key verticals where THORWallet has positioned itself as a pioneer?
From the very first day, our vision was to bring financial services based on blockchain and DeFi technology — open, fair, and transparent — to the people. When I mean financial services, it’s non-custodial: not just holding and receiving, but also trading, swapping, perpetuals, and savings account earning functionalities. All financial services a human needs can now be delivered with DeFi, and we want to make this accessible.
We are very well aware that there are many wallets out there, and we tried to carve out some verticals where we can pioneer. We were the first wallet to allow native cross-chain swaps from Bitcoin to Ethereum, ever in the space. We integrated a native Swiss bank into THORWallet — we were the first to do this. We are also a multi-signature solution, which is hyper-secure. We always carve out verticals where we want to be better than the competition.
