Trust Wallet (TWT), the self-custodial wallet owned by Binance, has taken centre stage in the crypto industry this week with a string of major developments. From unveiling a new litepaper and multi-year roadmap to gaining high-profile backing from Binance co-founder Changpeng “CZ” Zhao and integrating tokenised equities via the xStocks alliance, the platform is moving quickly to expand its role as a global Web3 gateway.
These moves have sparked renewed interest in its native Trust Wallet Token (TWT), which surged more than 70% in a matter of days before stabilising above $1.20. Analysts and investors alike are now asking whether this momentum could propel TWT toward new all-time highs.
A Roadmap to One Billion Users
On 18 September, Trust Wallet released its litepaper, laying out an ambitious roadmap that stretches to 2030. The team’s stated goal is bold: grow its user base fivefold to reach one billion people, with TWT as the central token of the ecosystem.
The roadmap is structured into four key layers:
- Layer 1: Everyday Finance – features such as simplified cross-chain transactions, gas-free payments, fiat on/off ramps and even a Trust Card.
- Layer 2: Advanced Trading – including limit orders, cross-chain swaps, leverage trading and AI-driven insights.
- Layer 3: Yield and Launches – services like staking, lending, airdrops and “Trust Alpha,” a launch platform for new projects.
- Future Layers: Identity and Credit – long-term innovations designed to integrate DeFi with identity and credit solutions.
If executed as planned, Trust Wallet could evolve from being seen as a simple wallet into a full-scale Web3 financial hub. The team currently claims a 35% market share among self-custody wallets, securing over $30 billion in user assets.
CZ’s Endorsement and Token Utility
The roadmap was further amplified by Binance co-founder CZ, who highlighted Trust Wallet’s progress in a post on X (formerly Twitter) on 19 September. CZ reminded the community that TWT began as an experimental token with little use, despite its fully diluted valuation once spiking too quickly. After a 99% supply burn in 2020, the token lacked clear purpose.
According to Trust Wallet’s litepaper, TWT will unlock multiple utilities including gas fee discounts, loyalty rewards, premium support, governance voting, faster transactions and access to staking via a revamped “Launchpool 2.0.” These features are intended to drive sustained demand for the token while aligning incentives for both everyday users and advanced traders.
CZ’s endorsement coincided with a dramatic price surge, sending TWT from $0.81 to $1.40 within hours and lifting trading volume beyond $200 million. While the token later stabilised above $1.20 amid broader crypto market volatility, momentum indicators such as RSI and MACD remain positive.
Technical analysts note that TWT has been trading in a descending wedge pattern since late 2022, which is typically considered a bullish pattern. A confirmed breakout could see the token retest $1.60, a key resistance level, before targeting an eventual move towards its all-time high near $3.93.
Tokenised Equities via xStocks
Beyond its roadmap, Trust Wallet also announced a strategic partnership with Kraken and tokenisation platform Backed to bring xStocks, tokenised representations of U.S. equities, to its 200 million users worldwide.
This collaboration marks a major step in bridging traditional markets with decentralised finance. Through Trust Wallet, users will soon be able to buy 60 different tokenised U.S. stocks using local fiat currencies, as well as deposit and withdraw xStocks from centralised exchanges like Kraken. The assets will be supported across multiple blockchains, including Ethereum, Solana, TRON and BNB Chain.
Backed will continue to issue xStocks as fully collateralised, on-chain tokens, each backed 1:1 by the underlying equity. Kraken co-CEO Arjun Sethi called the integration a “paradigm shift,” emphasising that seamless access through one of the world’s most popular wallets could accelerate mass adoption of tokenised assets.
Trust Wallet CEO Eowyn Chen echoed this, describing the move as part of the platform’s mission to “unlock access not just to crypto, but to the future of global finance.” Backed’s co-founder Adam Levi added that bringing tokenised equities to millions through Trust Wallet reaffirms their role as a “public good” in financial markets.
The demand for tokenised equities is already evident. Since its launch in June, xStocks has generated more than $4 billion in combined trading volume across centralised and decentralised platforms.
The Bigger Picture
Taken together, these developments highlight Trust Wallet’s evolution from a crypto storage tool into a multi-layered Web3 gateway. Its roadmap promises everyday financial services, advanced trading tools and DeFi innovations. The xStocks partnership bridges traditional capital markets with blockchain, while CZ’s endorsement has shone a spotlight on TWT’s growing utility.
Challenges remain, including navigating regulatory restrictions, maintaining user trust and sustaining momentum in volatile market conditions. Still, with over 200 million users and the backing of major industry players, Trust Wallet appears well-positioned to shape the convergence of crypto and traditional finance.
For TWT holders, the coming weeks will be critical. A confirmed breakout above $1.60 could open the door for a long-term rally, potentially retesting and even surpassing the all-time high. But beyond price action, Trust Wallet’s vision is clear: to onboard the next billion users into Web3 by blending accessibility, token utility, and real-world asset integration.
