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Learn how Wealthsimple worked with Turnkey to deliver user-friendly, performant, and decentralized trading experiences to millions of Canadians.
“Turnkey eliminated the work of creating our own key management system, which helped us bring our DEX wallet to market considerably faster.” — Shivangi Gandhi, Director of Engineering, Crypto at Wealthsimple
About
Wealthsimple is Canada’s leading financial innovator, offering a full suite of sophisticated products across chequing and spending, managed investing, self-directed trading, and tax filing. Founded in 2014 by a team of financial experts and technology entrepreneurs, Wealthsimple serves more than 4 million clients and holds approximately $155 billion in assets under administration (as of June 30, 2026.).
Challenge
Bringing decentralized trading to retail investors
After establishing a robust suite of investment products, Wealthsimple launched Canada's first regulated crypto trading platform for Bitcoin, Ethereum, and 170+ additional tokens. But as the crypto market evolved, demand grew for access to a broader range of onchain assets, and Wealthsimple sought to expand beyond its custodial crypto offering.
Shivangi Gandhi, Director of Engineering, Crypto and her team at Wealthsimple began laying the foundation for a DEX wallet that would bring this broader selection of assets to Wealthsimple users. Offering self-custody without compromising Wealthsimple’s seamless user experience would require new wallet infrastructure.
“The ability to purchase and trade more assets is something our clients have been asking for,” Shivangi shares. “We needed a way to bring that assortment into the platform without net-new custody or key management work each time.”
Shivangi looked for an external wallet provider that would offer lightning-fast signing latency, seamless authentication, broad chain support, and self-custody out of the box. That search ultimately led her to Turnkey.
“As a regulated Canadian platform, custody characterization is something we needed to consider carefully. Turnkey’s non-custodial wallets gave us a defensible self-custody story while we expanded our offering.”
Solution
Launching a DEX product with Turnkey’s secure and flexible wallet infrastructure
Wealthsimple chose Turnkey as the underlying wallet and key management layer for its DEX wallet, abstracting the complexities of decentralized trading while expanding token support in tandem.
Rather than requiring users to link an external wallet, Wealthsimple offers non-custodial embedded wallets through Turnkey, provisioned with familiar login methods. Turnkey isolates every security-critical action, from signing to key generation, in secure enclaves, delivering low latency and ironclad security out of the box.
With native support for EVM, Solana, and Bitcoin through a single integration, Wealthsimple can effortlessly expand to additional L2s and broader onchain surfaces without net-new work for each chain.
Gas sponsorship was equally important in abstracting away one of the most friction-heavy steps of onchain trading. Turnkey’s gas sponsorship removes the need for users to acquire ETH or SOL to pay transaction fees, enabling them to trade without micromanaging tokens.
“Turnkey enabled us to build a DEX product where the underlying wallet is completely invisible to the end user. For a platform with a primarily non-crypto-native user base, that experience is invaluable.”
Results
Unlocking a streamlined path to decentralized trading on Wealthsimple
With Turnkey, Wealthsimple accelerated the time-to-market for its DEX wallet, giving end users fast access to a broad assortment of tokens while keeping the wallet layer invisible and avoiding the cost and complexity of building wallet infrastructure in-house.
“Not only did Turnkey’s wallet layer help Wealthsimple establish its DEX wallet, but it also expanded our roadmap to include a wider variety of crypto assets.”
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