What Cake Wallet does

Cake Wallet is a privately held, non-custodial cryptocurrency wallet software company founded in 2017 and headquartered in Orlando, Florida. The wallet supports multiple cryptocurrencies — notably Monero, Bitcoin, Litecoin, Ethereum, Zcash, and Haven — with an emphasis on privacy, self-custody, and user-controlled private keys. Its core product is a mobile application distributed through iOS App Store, Google Play, and direct download from cakewallet.io, serving individual cryptocurrency users globally who seek alternatives to centralized exchanges due to concerns about account closures, data harvesting, and regulatory surveillance.

The product has expanded through notable feature launches: self-custodial Lightning Network functionality (March 2026), which removes complex channel management for mobile Bitcoin transactions, and xStocks (October 2025), enabling tokenized stocks and ETFs investment directly from crypto holdings. Cake Wallet also integrated Monero into Foundation's Passport Prime hardware wallet as the first external team on Foundation's KeyOS developer platform, extending its reach to approximately one million hardware device users. The company has signaled ecosystem commitment through a $115,000 matching pool contribution to the Tor Project Web3 crowdfunding campaign and an intent to apply for the .xmr top-level domain via Unstoppable Domains.

Cake Wallet's go-to-market is product-led and community-led, emphasizing self-serve mobile distribution alongside deep engagement with the privacy-coin community and partnerships rather than paid acquisition. The company is led by CEO Vikrant Sharma. No venture funding rounds, revenue figures, or pricing models are publicly disclosed, and the business appears bootstrapped or self-funded. The most plausible revenue mechanics are swap fees via the xStocks feature and exchange integrations such as ChangeNOW, though these have not been quantified in available sources.

Name

Cake Wallet

Website

https://cakewallet.io

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Cake Wallet is a privately held, non-custodial mobile cryptocurrency wallet founded in 2017, serving privacy-conscious individual users with multi-currency support (Monero, Bitcoin, Ethereum, Zcash) and added modules for Lightning Network and tokenized securities via xStocks.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet Software

akta.pro primary industry

Self-Custody Wallets (Consumer & Institutional) (FSADACAE)

akta.pro secondary industry

Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)

Keywords

• Cryptocurrency wallet software
• Non-custodial wallets
• Privacy coin support
• Lightning network integration
• Tokenized securities trading

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

Cake Wallet develops non-custodial mobile cryptocurrency wallet software supporting Monero, Bitcoin, Litecoin, Ethereum, Zcash, and the Lightning Network. The wallet enables users to retain full control of their private keys and transact without intermediaries, and includes a tokenized-stocks feature (xStocks) and self-custodial Lightning Network management for mobile users.

Product overview

Cake Wallet operates as a single unified non-custodial cryptocurrency wallet product with integrated modules. The core wallet supports multi-chain functionality including Monero, Bitcoin, Ethereum, Zcash, and Lightning Network. Additional modules include xStocks for tokenized securities investment and self-custodial Lightning Network access. The wallet emphasizes privacy, self-custody, and user control over assets, positioning itself as a privacy-focused alternative to centralized exchanges.

Differentiator

Problem solved

Functional benefit

Brands

• xStocks: A feature allowing users to invest in tokenized stocks and ETFs directly through the Cake Wallet app using cryptocurrencies.

Products and services

• Cake Wallet A non-custodial mobile cryptocurrency wallet application for iOS and Android that supports Monero, Bitcoin, Litecoin, Ethereum, Zcash, and Lightning Network. It is targeted at individual cryptocurrency users who want to maintain control of their private keys and avoid centralized exchanges.

Quantifiable outcome

• Cake Wallet CEO Vikrant Sharma highlighted self-custody as a fundamental right at EthCC, with the CFTC granting no-action relief in early 2026 confirming non-custodial wallet providers do not need to register as intermediaries.
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• FoundationcoreTechnology or Integration · 27 May 2026Cake Wallet is the first external team integrating with Foundation's KeyOS developer platform, giving one million Passport Prime hardware wallet users cold-storage access to their cryptocurrency holdings through Cake Wallet's mobile interface.
• Tor ProjectminorGTM or Marketing Partner · 19 May 2026Cake Wallet contributed a $115,000 matching pool to the Tor Project and Funding the Commons Web3 crowdfunding campaign supporting 10 internet freedom nonprofit projects. The campaign uses quadratic funding and accepts crypto contributions in Bitcoin, Ethereum, Zcash, Monero, and Golem.
• Unstoppable DomainsminorStrategic or Co-development Partner · 17 March 2026Cake Wallet intends to apply for the .xmr top-level domain in ICANN's next gTLD application round. This domain would support the Monero ecosystem by creating a trusted namespace for privacy-focused digital identities and services.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BlueWallet: Bitcoin-focused mobile wallet with strong Lightning support and on-chain self-custody. Comparable as a mobile self-custody wallet emphasizing Lightning UX, though narrower in multi-asset and privacy-coin coverage than Cake Wallet.
• Phoenix Wallet: ACINQ-built mobile Bitcoin Lightning wallet with automatic channel management. Closely comparable as a mobile-first, simplified-Lightning self-custody wallet; it is a direct competitor to Cake Wallet's Lightning UX on mobile.
• MetaMask: Consensys-built self-custodial wallet supporting Ethereum and EVM chains plus increasingly Bitcoin and Solana. Directly comparable as a non-custodial, multi-chain consumer wallet targeting the same self-sovereign user base, though it does not match Cake Wallet's first-class Monero/privacy-coin focus.
• Exodus: Multi-asset self-custodial wallet available on desktop and mobile with built-in exchange and staking. Comparable along multi-currency non-custodial positioning and retail-focused UX, though it lacks dedicated Monero/Lightning self-custody depth.
• Edge Wallet: Mobile-first self-custodial multi-currency wallet with built-in exchange and buy/sell. Closely comparable as a privacy-aware, non-custodial mobile wallet targeting individual crypto holders, though with a smaller privacy-coin footprint than Cake Wallet.
• Trust Wallet: Binance-owned multi-chain self-custodial mobile wallet supporting thousands of assets. Comparable as a mobile-first non-custodial wallet competing for the same global retail crypto user, though it lacks Cake Wallet's privacy-coin depth and Lightning integration.
• Wasabi Wallet: Open-source, privacy-focused Bitcoin desktop wallet with CoinJoin. Comparable on privacy and self-custody ideology for crypto users, but desktop-only and Bitcoin-only versus Cake Wallet's mobile, multi-coin approach.

Broad incumbents

• Ledger Live: Ledger's hardware-wallet companion app offering buy/sell, swap, and staking across thousands of assets. Comparable as a self-custody interface bundled with hardware security, though distribution and brand are anchored to Ledger devices rather than mobile-first software.
• Trezor Suite: Software companion for Trezor hardware wallets, supporting a broad set of cryptocurrencies. Comparable as a self-custody user interface in the Bitcoin/crypto ecosystem, but tied to Trezor hardware rather than a standalone mobile wallet.

Emerging players

• Samourai Wallet: Privacy-focused Bitcoin-only Android wallet with CoinJoin and stealth addressing. Comparable on the privacy-and-self-custody thesis for individual crypto users, though narrower (Bitcoin-only) and Android-only relative to Cake Wallet.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cake Wallet