Definition
A multichain wallet is a type of cryptocurrency wallet designed to hold and manage assets that live on more than one blockchain network. Instead of being limited to a single chain, it can generate and store multiple addresses and balances across different ecosystems under one interface. It still relies on cryptographic controls, such as a Seed Phrase and Private Key, to secure access to funds on each supported network.
As a concept, a multichain wallet focuses on unifying the user’s view of assets that are spread across separate blockchains. It abstracts away many of the differences between networks while still respecting each chain’s rules for ownership and transactions. Some multichain wallets may also connect to tools like a Bridge, but the core idea is simply to provide a single place to see and control assets on multiple chains.
In Simple Terms
A multichain wallet is like having one wallet that can work on many different blockchains at the same time. It lets someone see coins and tokens from several networks in one place, instead of needing a separate wallet for each chain. The same Seed Phrase or Private Key can often unlock access to all of these networks inside the wallet.
This concept is closely related to Interoperability, because it aims to make different blockchains feel more connected from the user’s perspective. While the underlying chains remain separate, the multichain wallet organizes them together so that managing assets across networks feels more unified and straightforward.