Deng Tong, Golden Finance
On September 15, 2025, MetaMask announced the launch of the stablecoin MetaMask USD (mUSD); on September 19, Consensys CEO Joe Lubin stated that the MetaMask token will be launched soon, possibly "sooner than you expect"; on September 22, the non-custodial crypto wallet Rainbow announced that it would list its native token RNBW before the end of the year.
More and more crypto wallets are launching their own tokens. This article takes a look at those that have already launched or are about to launch their own tokens.
On September 22, the non-custodial crypto wallet Rainbow announced that it would list its native token RNBW before the end of the year. The Rainbow team stated that RNBW is part of its "Phase 3" development plan and will include features such as DeFi portfolio management, multi-chain support, real-time price and balance updates, and perpetual contract trading powered by Hyperliquid. Rainbow launched a points program in 2023 to attract users and completed an $18 million Series A funding round in 2022, led by Seven Seven Six, a fund founded by Reddit co-founder Alexis Ohanian. Founded in 2019 by Jin Chung, Mike De Marais, and Christian Baroni, Rainbow is an EVM-compatible browser and mobile crypto wallet designed to provide a user-friendly experience. 2. MetaMask On September 15, MetaMask announced the launch of the stablecoin MetaMask USD (mUSD). According to the official introduction, the stablecoin runs on the Linea blockchain, offers fiat deposits, supports MetaMask Swap and Bridge transactions, and can be used at merchants worldwide via the MetaMask card. MetaMask's mUSD stablecoin exceeded $65 million in supply just one week after its launch. On September 19th, ConsenSys CEO Joe Lubin stated that the MetaMask token is imminent and may launch "sooner than you might expect, which is closely tied to the decentralization of certain aspects of the MetaMask platform." ConsenSys is actively supporting the Ethereum ecosystem's gradual decentralization and is using MetaMask, Infura, and Linea to ensure that "strict" decentralization remains at the core of the ecosystem. MetaMask co-founder Dan Finlay has stated that if the token is officially launched, it will be promoted directly within the wallet. MetaMask was founded by ConsenSys in 2016 and initially released as a Chrome browser extension to provide users with a tool for conveniently accessing Ethereum DApps. By 2025, MetaMask had over 30 million users worldwide.
Trust Wallet was founded by Viktor Radchenko in 2017 as a mobile wallet for Ethereum and ERC20 tokens. It was acquired by Binance in 2018 and has since become a Binance product, while maintaining independent operations.
Trust Wallet's native token is TWT, which was officially launched on April 26, 2020, at an issue price of $0.009362. TWT initially adopted the ERC-20 standard and later migrated to BEP-2 and BEP-20. In December 2022, TWT surpassed $2 and is currently trading at $1.20.
Wallet Connect was founded by Pedro Gomes in 2018. Pedro Gomes joined Balance.io in 2017 to work on wallet development. In 2018, he proposed the idea of linking the web-based Dapp with the mobile wallet. He and his team designed the relevant tools, which they then open-sourced and named "WalletConnect."
Wallet Connect uses end-to-end encryption to ensure the security of sensitive data such as users' private keys and transaction information. It supports multiple blockchain platforms and offers cross-platform compatibility, allowing users to use it on a variety of devices, including smartphones, tablets, and desktops. It conveniently connects the wallet to various dApps, streamlining the transaction process and enhancing the user experience. Wallet Connect launched its native WCT token on April 15th of this year. On May 30th, WCT reached an all-time high of $1.15. As of press time, it is trading at $0.2786.
In Q3 2021, Cross Wallet deployed a DApp testnet, supporting ERC20, BEP20, TRC20, and Polygon tokens, and launched staking and referral programs. In Q4 2021, support for Bitcoin, Solana, and others began.
Cross Wallet's native token is CWT, which adheres to the BEP-20 token standard. Token holders can earn rewards through the referral program and can also participate in staking CWT to earn income. In November 2021, the price of CWT reached an all-time high of $0.27. As of press time, it is trading at $0.001375. 6. SafePal Veronica Wong co-founded SafePal with two other co-founders in 2018. SafePal initially launched as a hardware wallet, with the SafePal S1 hardware wallet going on sale in May 2019. Since then, SafePal has continued to evolve, launching software wallets, browser plugin wallets, and more. It has also integrated multiple blockchains and tokens, adding features such as cross-chain swaps and a DApp store. In November 2024, SafePal launched a Telegram crypto wallet supporting Visa cards, allowing users to create compliant bank accounts licensed by the Swiss Financial Market Supervisory Authority (FINMA). SafePal's native token, SFP, was launched in January 2021. SFP is a utility token issued on the Binance Smart Chain with a total supply of 500 million. SFP tokens can be used to pay for and enjoy discounts on SafePal products and services. Users can also use SFP to redeem special coupons and earn additional benefits from SafePal's earnings program. In March 2021, SFP reached an all-time high of $3.49 and is trading at $0.4475 at press time. Coin98 was founded by Thanh Le and Nguyen The Vinh in 2017 and officially began operations in 2020. Coin98 has a built-in decentralized exchange aggregator that can obtain liquidity from multiple sources such as Uniswap and SushiSwap, providing users with intelligent routing to achieve the best price and low slippage token swaps. Space Gate is Coin98's cross-chain bridge, supporting the exchange and transfer of multiple token standards, including ERC20, BEP20, and SPL, allowing users to seamlessly transfer assets between different blockchain networks. Coin98's native token is C98, which was initially issued through Binance Launchpad in July 2021. In August 2021, C98 reached an all-time high of $5.22. As of press time, it is trading at $0.04628.
Best Wallet, launched in 2023, utilizes Fireblocks technology to provide bank-grade security. It also supports biometric verification, two-factor authentication, and other security features to ensure the safety of user assets. Additionally, Best Wallet features a built-in decentralized exchange (DEX) to help users obtain the best prices and a "coming soon token" feature, allowing users to participate in new crypto projects in advance.
Best Wallet's native token is BEST, which began pre-sale in November of last year and is not yet listed on an exchange. 9. Bitget Wallet Founded by Kevin in March 2018 under the brand name "BitKeep," Bitget Wallet focuses on providing decentralized wallet services. In March 2023, after receiving strategic investment from the Bitget exchange, it officially changed its name to "Bitget Wallet," and the wallet now uses the DESM encryption algorithm. Bitget Wallet previously launched its native token, BWB. However, at the end of December 2024, an announcement was made regarding the merger of BWB, Bitget Wallet's token, with Bitget Token (BGB). 10. Swipe Founded by Joselito Lizarondo in 2018, Swipe Wallet offers products such as the Swipe multi-asset mobile wallet and the Swipe cryptocurrency-backed debit card. The Swipe wallet supports the storage, trading, and payment of multiple cryptocurrencies and fiat currencies. Users can use the Swipe Visa debit card to spend cryptocurrencies as fiat currency anywhere Visa payments are accepted. The wallet also features Swipe Pay, allowing merchants to accept cryptocurrency payments and convert them into multiple fiat currencies. The wallet also offers services such as the Swipe Credit lending platform. Swipe's native token, SXP, was launched in August 2019. SXP was initially based on the Ethereum network and supported the ERC-20 standard. It later also supported the BEP-20 standard on BSC. SXP reached an all-time high of $5.84 in April 2021 and is trading at $0.1614 at press time.
Rabby Wallet was developed by DeBank and began providing services to users in June 2021. Currently, Rabby Wallet has not yet released a native token. However, on September 19th, Rabby Wallet launched a poll on the X platform asking "What is the market value of $RABBY?", suggesting that its native token, RABBY, may be launched in the future.
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