Business Wallets
Credenco provides a Business Wallet for organizations to issue, hold and verify Verifiable Credentials. One privacy-friendly, reusable platform for your whole organization.
Current business processes are often still paper-based and inefficient, leading to almost 2 trillion in annual economic value lost from productivity and revenue.
The Credenco Business Wallet is a secure, interoperable, cloud-based platform designed for the European Business Wallet ecosystem. It reduces administrative burden, improves regulatory compliance, and makes your business competitive again.
What is a Business Wallet?
A Business Wallet is a digital identity and credential platform for an organization. It lets a company, government body or other legal entity issue, hold and verify trusted digital credentials, and share verified information directly with the organizations it does business with.
Unlike a personal wallet, which belongs to one individual and lives on a phone, a Business Wallet is operated on behalf of the organization itself. It supports multiple users, automated processes and organization-to-organization exchanges, so a credential can be issued or checked without anyone opening an app.
Every credential it issues is cryptographically signed, so a counterparty can check the signature instead of calling the original issuer. That turns days of back-and-forth into a verification that finishes in seconds.
New to the European Business Wallet, or wondering what the EU proposal would actually require? Read the full explanation
The Credenco Business Wallet won Best Business Wallet 2026 at the FIDES Community Awards, taking both the most community votes and the highest score from the expert jury. View our awards
Features
Issuance Service
Create and issue trusted digital credentials directly into your partners' wallets. Define what gets attested, company registration, tax ID, or certifications, and deliver it in standards-compliant formats (OID4VCI).
Holder Service
Securely store and manage organizational credentials in your own portable vault. Share only the data a counterparty requires with privacy-preserving selective disclosure via OpenID for Verifiable Presentations.
Verification Service
Request and verify trusted credentials in real time. Validate cryptographic signatures and issuer trust against registered trust frameworks, without contacting the original issuer.
Additional Features
Besides these main features the Business Wallet also includes the following functions:
- eIDAS 2.0 compliant
- DIIP v5 conformant
- WE BUILD ITB verified
Deploy
On-premise & SAAS
The credential flow
Today, proving who you are or what you own means contacting the original issuer. Your bank has to confirm your account. Your employer has to verify your employment. Your university has to check your degree. Every time you need proof, someone has to look it up and respond. It's slow, it's expensive, and it creates bottlenecks everywhere.
The credential flow fixes this. Your bank issues a credential, a digitally signed statement about your account. You store it in your wallet. When a lender needs proof, you present it. They don't call the bank. They check the signature cryptographically. In seconds, not hours, they know it's real. The credential travels with you. The issuer's database is out of the loop. Speed, cost, and convenience all improve.
How it works in practice
Starting a company in the Netherlands today is like running an obstacle course. Visit a notary who draws up your deed. Send that deed to the KVK (Chamber of Commerce) to register your company. Wait for registration. Then visit the Belastingdienst (Tax Authority) with your KVK certificate to get a VAT number. Submit that to the Bank with your deed and KVK certificate to open a business account. Each organization asks for the same information in different formats. Each wants original documents or certified copies. Each takes days to process. The whole cycle takes six weeks.
The Business Wallet eliminates the administrative maze. You visit a notary once. They issue your company deed as a credential, digitally signed and stored in your wallet. The Business Registry reads that credential and instantly registers your company, issuing a registration credential. The Tax Authority reads the registration credential and immediately grants your VAT number. The bank reads both credentials, trusts them immediately, and opens your account the same day. One source document. Multiple readers. Instant trust. What took six weeks and dozens of bureaucratic steps now takes days and requires minimal human intervention.
Business Wallet FAQ
- What can a Business Wallet do?
- It issues credentials to your partners, stores the credentials your organization receives, and verifies credentials presented to you. Around that sit user management, a credential catalogue, workflow and HSM-backed key storage.
- How is a Business Wallet different from a personal wallet?
- A personal wallet belongs to one individual and is used from a phone. A Business Wallet belongs to a legal entity, supports many users and automated processes, and runs as a service, so exchanges between organizations need no human in the loop.
- Is the Credenco Business Wallet a European Business Wallet?
- It is built for the European Business Wallet ecosystem: it follows eIDAS 2.0, is DIIP v5 conformant and is verified in the WE BUILD interoperability testbed. The European legislative process behind the concept is still running.
- Who provides the Credenco Business Wallet?
- Credenco, a Dutch company founded in 2021. We build and run the wallet ourselves and deliver it either as a hosted service or on your own infrastructure.
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