Top Wallet-as-a-Service Providers for Ethereum in 2026

Payward, Kraken’s parent company, agreed in July 2026 to acquire Magic’s wallet business. Magic is the oldest of a small group of non-custodial wallet-as-a-service providers—including Aligned, Privy, Dynamic and Turnkey—that let apps offer wallets without users handling seed phrases or gas tokens; non-custodial means the provider cannot move users’ funds without consent. Magic, launched in 2018, protects keys using secure enclaves, a cloud key-management service and key sharding, and holds SOC 2, SOC 3 and ISO 27001 certifications.