Key Highlights:
- Felix Fan appointed as the CEO of Trust Wallet as Eowyn Chen steps down from the position.
- User base grew from 40M to 230M, alongside strong revenue turnaround, under Chen’s leadership.
- New leadership to focus on product improvements and stronger security.
Trust Wallet, one of the most popular self-custody crypto wallets, has announced a change in leadership. Felix Fan posted on X today, February 11, 2026, that he has been appointed as the new CEO, taking over from Eowyn Chen. During Chen’s four year of tenure, she has helped the company grow rapidly and work on its operations.
Grateful for the trust. I’m stepping into the CEO role at Trust Wallet and excited to keep building with the team and community.
My focus: better product experience and stronger security. Excited to build what’s next, together.
Thank you @EowynChen for the partnership and… https://t.co/IdKOkEtEav
— Felix (@felix_fan) February 11, 2026
Eowyn Chen’s Tenure Highlights
Chen also posted on X and stated that she made her final public appearance at Consensus Hong Kong. She used the moment to reflect on how far Trust Wallet has come under her leadership.
When she took over the position of CEO at the organization, the wallet had somewhere around 40 million users. If you compare that with today’s number, which is about 230 million, is six times higher than what she started out with.
I just finished speaking at Consensus Hong Kong, which also happened to be my last public appearance as CEO of @TrustWallet as I have completed my 4-year term. I’m stepping down to begin a new chapter (still in the bigger ecosystem).
I’m deeply grateful to our team, community… pic.twitter.com/VywqIAovlA
— Eowync.eth (@EowynChen) February 11, 2026
The company’s financial position also changed. Trust Wallet was previously losing nearly $10 million every year but after Chen took over the leadership role, the company turned its fate. The company turned profitable and generated close to eight-figure revenue last year.
Trust Wallet’s position in the market strengthened as well. Its share of mobile active users in the self-custody wallet space increased from roughly 15% to just under 30%. This shows that more users are choosing Trust Wallet over competitors.
Chen in her post also highlighted progress around Trust Wallet’s native token, TWT. In the first phase, the team unveiled six utilities that provided a real-world use within the ecosystem. According to Chen, this is just the beginning and that more features will be added in the future.
Swift Response to Security Incident
Trust Wallet recently also faced a security issue, but the team acted fast. They even compensated about half of the affected users, much quicker than the usual six months seen in the industry. The security upgrades have been strong and this shows that Trust Wallet is serious about protecting users as crypto adoption increases.
Felix Fan Steps Ups
Chen highlighted that the change in leadership was not sudden and had been planned for months. She also praised Felix Fan and said that he is a strong product leader and that the company is in safe hands. She expressed her gratitude towards the team and community, partners and her faith for helping guide the company through both good and challenging times.
Also Read: Trust Wallet Becomes First Major Wallet to Offer Native Predictions
