The paper presents a variant of the segmentwise wavelet transform (blockwise DWT, online DWT or SegDWT) algorithm adapted to real-time audio processing. The implementation of the algorithm as a VST plugin is presented as well. The main problem of segmentwise wavelet coefficient processing is the handling of the segment borders. The common border extension methods result in “false” coefficients, which in turn result in border distortion (block-end effects) after particular types of coefficient processing. In contrast, the SegDWT algorithm employs a segment extension technique to prevent this inconvenience and produce exactly the same coefficients as the wavelet transform of the whole signal would do. In this paper we remove some of the shortcomings of the original SegDWT algorithm; for example the need for the “right” segment extension is canceled. The VST plugin module created is described from the viewpoints of both the user and the programmer; the latter can easily add their own method for processing the coefficients.