Since the global financial crisis in 2008, the global wealth and asset management sector has experienced a decade-long "glory period". Global wealth management grew from $92.4 trillion in 2008 to $205.9 trillion in 2018, a compound annual growth rate of 8.3%; asset management grew from $48.6 trillion in 2008 to $74.3 trillion in 2018, a compound annual growth rate of 4.3%. And North America, where Canada is located, is the world's largest wealth and asset management market, with nearly 50% of assets under management.

Advances in technology drive financial democratization. With the advent of big data and artificial intelligence, wealth management is no longer the "exclusive privilege" of HNWIs and UHNWIs. As a result, Wealthsimple has seized the market opportunity, and arise to provide a free investment channel for millennial investors who are just starting out in their careers, and features "socially responsible investing" to meet their needs for social responsibility.

Wealthsimple is currently used by more than 1.5 million people in Canada, has $8.4 billion in assets under management and has won several awards, including the Best Financial Services Website Award from The Webby Awards, the Best 100 Fintech Companies in the World Award from Fintech100 and the 2016 Best of the Best from EY Entrepreneur Award.

According to official news, recently, Michael Katchen, CEO of Wealthsimple, is very bullish on the decentralized digital wallet space and plans to develop a digital wallet product called Coinpocket, also a crypto asset aggregation and management platform, which is now in the works.

Michael Katchen, as CEO of Wealthsimple, his judgment is not baseless. This is particularly true as the birth of Bitcoin in 2009, the digital currency market has seen a frenzy, with Bitcoin prices reaching new highs, Ether 2.0 successfully launching, and S&P, Visa, Spotify ...... Wall Street institutions and tech giants flocking to the digital currency market.

Michael Katchen attended the University of Western Ontario in Canada, where he received his undergraduate degree, and subsequently completed a Master's degree in Management at Erasmus University in Rotterdam, The Netherlands. Upon graduation, Katchen was hired directly by the CEO of Black's Photo Corporation, Canada's leading specialty photography retailer, who appointed him to lead the company's comprehensive transformation strategy program. Katchen then spent over a year working at McKinsey as a business analyst, gaining industry experience and co-founding 1000memories, a website that allows users to organize, share old photos and memories, and build a family tree. Katchen helped 1000memories close a $3 million Series A round of funding and founded Wealthsimple in 2014. Through the acquisition, Wealthsimple became the owner of one of Canada's 14 Internet discount brokerages and gained access to 10,000 customer accounts and $400 million worth of customer assets under management.

This time, Michael Katchen's launch of the Coinpocket project, which has created a buzz in the industry and gained many investors, is a milestone both for Wealthsimple and Michael Katchen personally, who will be a key player in the wallet application and drive the company's digitalization.
In fact, much earlier Michael Katchen has frequently tweeted his views on the development of wallets and the blockchain industry as a whole. He has openly claimed that a decentralized crypto asset aggregation management platform would help the crypto industry go further.

It is reported that Coinpocket is a Web3.0 decentralized digital wallet and a crypto asset aggregation management platform. Coinpocket focuses on the needs of users in Web3.0 and provides secure, reliable and user-friendly crypto asset self-hosting services.

Coinpocket is based in Canada and was built over 8 months by a top-notch R&D team from 7 countries around the world. It is approved by government departments and approved under the supervision of FTR. As a decentralized service platform on the app store, Coinpocket is committed to providing developers with an entry channel to DAPP, providing users with a smooth operating experience and promising that users' assets will be stored in the blockchain and every transaction and exchange will not be monitored by the platform, thus achieving true decentralization. In the future, Coinpocket will be committed to building a world-class service platform, aiming to provide users with secure, practical and value-added crypto financial management tools, making crypto management easier and becoming the entrance to Web3.0 digital financial ecology.