Swiss cryptocurrency wallet THORWallet launches TITN, a utility token that unlocks benefits to holders, including reduced fees and USDC cashbacks.
Over 15 years have passed since the first cryptocurrency was introduced, and since then, the number of cryptocurrencies has risen exponentially to cross tens of thousands of projects. As the industry grew and diversified, the role wallets play has also changed.
Cryptocurrency wallets — once simple tools used for merely storing and transferring — have evolved into platforms that accompany users throughout all kinds of actions, including crosschain swaps, lending and borrowing and real-world payments.
To fulfill this purpose, some wallets are introducing mechanisms to provide utility and support operations within the platform.
Utility-oriented mechanism arrives in wallet
One such wallet is THORWallet. The Switzerland-based wallet is gearing up to launch TITN, a utility-first native token.
The upcoming token is designed as a loyalty cashback application token that aligns platform activity with user loyalty rewards. As such, TITN holders will receive cashback in USDC when executing trades and transactions through the wallet.
1/
🚀 Introducing our upcoming token $TITN – The DeFi Cashback EngineAt the heart of @Thorwallet’s DeFi-first ecosystem, $TITN will turn every swap and spend into real rewards.
Not hype. Not inflation. Just 🔒self-custodial yield.
👇 Here’s how it works:
— THORWallet (@Thorwallet) April 22, 2025
Moreover, TITN holders will benefit from reduced fees across various services, creating a direct link between platform engagement and cost efficiency.
THORWallet also offers a Mastercard debit card that bridges fiat to crypto and lets users spend cryptocurrencies in daily purchases by converting instantly to native currencies, including Swiss franc, US dollar, euro and Chinese yuan. TITN users will unlock exclusive perks when using the card, which is available in over 70 countries.
This utility-first design reflects a broader movement within Web3, where tokens are being shaped as functional components that support infrastructure and user workflows rather than financial instruments in isolation. In this context, TITN will go beyond being just an asset and serve as an operating mechanism within a larger self-custodial finance layer.
Designed for collaborative asset management
Appealing to teams and institutions that require collaborative management of assets, THORWallet supports multisig and co-signing across multiple devices on mobile.
As the founder Marcel Harmann emphasized, “THORWallet is already trusted by DAOs, institutions, whales and retail users — all attracted by its rare combination of multisignature functionality, crosschain liquidity and DeFi accessibility. It has quietly become a high-volume driver across major aggregators like THORChain, Chainflip, Maya and Unizen.”
A year with high levels of activity
THORWallet continues to gain traction across both retail and institutional audiences, particularly among users who require a blend of mobility, functionality and real-world utility.
So far in 2025, the platform has generated over $450 million in trading volume, contributing to a cumulative total that now exceeds $1.1 billion across its mobile and web interfaces. More than 1,350 large transactions over $100,000 have been recorded this year alone, with the largest individual trade involving the exchange of 150 BTC for $8.7 million USDC. These flows have resulted in over $900,000 in protocol fees, highlighting sustained usage by high-value participants.
These stats place THORWallet among the top-performing crosschain DeFi applications globally, according to the team. The monthly leaderboard on Thorchain.net shows THORWallet’s performance among decentralized trading solutions.
This growth has also been accompanied by increased visibility in the Web3 space. THORWallet was recently featured in a CoinMarketCap LIVE session with over 219,000 listeners and selected as a partner in the Cointelegraph Accelerator program. These developments signal a growing recognition of the platform’s role in shaping DeFi solutions that prioritize functionality and access.
THORwallet aims to become a self-custodial finance layer that is usable, secure and connected to the real economy. By combining functional token design with a maturing product stack, the platform is positioning itself for a more accountable era of decentralized finance — one built not on narratives, but on infrastructure.
Learn more about THORWallet
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
