Wrap is how you opt in. It is not how a bank takes the bag.
WrapFree to holdNot a depositProtection shell
Wrap means you convert an external-chain asset into a protected JIL-rail asset under tighter policy, screening, and proof. You pay a wrap fee for that shell. You are not handing the asset to JIL as a bank deposit.
People search "wrap crypto" and get wBTC explainers. That is the token-wrapper idea. JIL wrap is that idea plus the vault: the fee funds the protection shell (policy, sanctions, records), not a yield product and not FDIC coverage.
Hold is free. Movement out of the wallet can carry a tiered fee. Wrap is the paid door into the shell. None of that is staking, and none of it is a token sale.
Deposit language is how wallets accidentally become unlicensed banks in a customer's head. Wrap language is honest: you opted into a shell, you can still move, and you were not insured by the state.
Treasuries need a fee they can explain. Wrap on the way in. Movement on the way out. No invented monthly vault rent.
In JIL Wallet, wrap lives at /wallet/wrap. Tiers follow lifetime AUM. Import into the wallet is $0. The protection shell is what you pay for.
Proof of wrap and later movement can settle as sealed records on the JIL L1 at jilsovereign.net. The L1 and this wallet are the same operating company: JIL Federation Technologies, Inc. Payment integrity and CREB are a sister company, JIL Sovereign Technologies, Inc. at jilsovereign.com.
Free to hold. Wrap to protect. You authorize every sign. Proof you can show.
No. Hold is free. Wrap is optional protection. If you never wrap, you still get the vault, screening on material movement, and the movement log.
No. Wrap is not a deposit. It is not FDIC insured. You authorize every later sign. Read the default-key article for who can actually sign today.
Related idea, different product. JIL wrap is the vault protection shell on the JIL rail, with a fee schedule, not a generic wrapping contract demo.
Read the fee honesty page, then wrap only if you want the shell. Product paths: wallet.getjil.com, Command, Wrap, Gnosis Safe.
JIL Federation Technologies, Inc. operates getjil.com, the same company as the L1 at jilsovereign.net.