Coinbase Prime Onchain Wallet Now Supports Solana Trusted Program ID Management

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Coinbase Institutional has announced via X (formerly Twitter) that its non-custodial institutional wallet service, Prime Onchain Wallet, now supports Solana Trusted Program ID management. This upgrade enhances security and provides granular control for Solana dApp interactions while selectively permitting trusted programs.

Key Features of the Upgrade

  1. Enhanced Security: Reduces risks associated with unauthorized program executions.
  2. Granular Control: Institutions can whitelist specific Solana programs for controlled interactions.
  3. Selective Permissions: Maintains flexibility by allowing trusted programs without compromising safety.

Why This Matters for Solana Ecosystem

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Frequently Asked Questions (FAQ)

1. What is Solana Trusted Program ID management?

It’s a feature allowing wallet users to approve specific Solana programs (smart contracts) while blocking untrusted ones, reducing exposure to malicious code.

2. How does this benefit institutional users?

Institutions gain finer control over transactions, minimizing risks like unauthorized fund access or fraudulent smart contract interactions.

3. Can individual developers use Prime Onchain Wallet?

Currently, the wallet is tailored for institutional clients. Retail users may explore Coinbase Wallet for similar (but less granular) features.

4. Does this support other blockchains?

Prime Onchain Wallet already supports Ethereum and select EVM chains. Solana integration expands its multi-chain capabilities.

5. Are there fees for using trusted programs?

Standard network fees apply, but Coinbase may charge institutional service fees. Check their official docs for details.


Industry Context

Recent developments highlight growing institutional crypto demand:

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Final Notes

Coinbase’s move aligns with broader industry shifts toward regulated, secure crypto infrastructure. For institutions, tools like Trusted Program ID management are critical for balancing innovation with risk mitigation. As Solana’s ecosystem matures, expect more integrations targeting enterprise needs.

Keywords: Coinbase Prime Onchain Wallet, Solana Trusted Program ID, institutional crypto security, Solana dApp integration, regulated crypto wallets


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