No, the user directly manages the private keys, and it's a non-custodial wallet.
In the EXPO 2025 Digital Wallet, user account private keys are encrypted with a passcode defined by the user, making it impossible for the service provider to restore user account information independently. Furthermore, we enhance security by splitting the private keys into multiple distributed fragments.
[Please Note]
When restoring, you will need the passcode that you entered during registration. Please be sure to keep it safe.