Waltio Launches New Solutions to Help Individuals Manage Their Crypto Assets

Waltio is rolling out its range of services for individuals. Until now, the platform helped individuals edit their tax report of capital gains and losses on their crypto transactions.

To do this, users must connect all of their wallets to the platform. Waltio only has read access and cannot execute orders.

Now, in addition to this service, Waltio has developed an interface allowing you to track all of your crypto positions at a glance

“As we are able to see all of our users’ crypto assets, we also see investment errors and also fee differences between the different platforms used. It made sense to provide them with a sort of board to help them manage their portfolios: compare fees, generate returns via stacking offers… It sometimes drives me crazy to see people who have Ethereum and don’t use it for stacking. For me, it’s a bit like leaving euros in an unpaid bank account. It’s a shame to have money sitting there or to pay too many fees. Today in crypto, there is still no structured wealth vision like there is in the banking world and we want to provide a solution to this,” related Pierre Morizot, co-founder of Waltio.

With its new interface, Waltio wants to provide this view of all its clients’ positions and also give them indications as to the performance of their “movements” compared to other decision-making or compared to the prices of Bitcoin, other major cryptocurrencies as well as the main stock market indices (CAC40, S&P 500 or gold).

“In addition to this, we now also allow our clients to compare fees. That is to say, to know how much they pay in fees on each of the platforms in order to help them understand which platforms are much more expensive than others in relation to their use. In terms of crypto, there are visible fees, but also hidden fees, spreads. So, since January 16, we have been displaying the fees on the different platforms in real time, always to help them make the best decision.”

Of course, these services are open to those who actually hold their wallet, therefore, “non-custodial.”

In the long term, Waltio could go further in the scheme, for example by publishing a white paper on the fees applied by the different platforms.

“However, we do not want to limit ourselves to fees to provide guidance to our customers. If tomorrow, we were to embark on such a project, it would be important to know if these players are regulated, if it is easy with these players to retrieve information to edit tax returns, if the platforms are secure…”

Another service that Waltio wanted to set up, when renewing its interface: the possibility of generating passive income thanks to its crypto portfolio(s). “Today, if you sequester some of your crypto, you can receive passive income from it in the form of stacking. However, we have many of our users who are losing money by not working their crypto. In the same vein, we have set up an analysis tool to indicate to them the possibility of gain with the implementation of stacking and we indicate to them the different offers with the risk issues.”

Waltio, which is paid via an annual subscription system, would like its solution to also become a tool for managing the daily optimization of its customers’ crypto assets

In November 2023, Waltio announced a fundraising of 1.8 million euros supported by investors such as Tristan Colombel (founder of the game Prizi), Clément Coeurdeuil (co-founder of Budget Insight), Joan Burkovic (co-founder of Bankin’), Owen Simonin (known as Hasheur) with the support of Stake Capital (Julien Bouteloup) and Crédit Agricole Capital Développement.
At the time, Waltio claimed 20,000 customers.

Currently, the company reports 45,000 active users, 2.5 billion euros of assets tracked by its users, 850 million euros of taxable capital gains declared using Waltio.

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(Featured image by Traxer via Unsplash)

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First published in Finyear. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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