Ernst & Young (EY), one of the Big Four accounting firms, stated that wallets are evolving from crypto tools into a core entry point for the next-generation financial system, noting that "wallets themselves are a strategy; whoever controls the wallet controls customer relationships." EY analyst Mark Nichols pointed out that wallets will become a critical infrastructure for storing, transferring, and managing tokenized assets. In the future, they will not only be applicable to crypto assets but will also cover on-chain financial scenarios such as payments, stablecoins, and private lending, becoming a unified entry point connecting all on-chain financial activities, including payments, tokenized assets, and stablecoins. However, EY predicts that self-custodied wallets will struggle to become mainstream, and the future market will be dominated by trusted wallet service providers such as banks, fintech companies, and professional custody institutions. (CoinDesk)