The Gers captain says he remained at Ibrox throughout liquidation and relegation as he knew the club would become winners again.
Wallace joined the Gers from Hearts in 2011, a year before the club were liquidated, but instead of choosing to follow the majority of stars out of the door, he opted to stay and sign a new five-year contract despite the club's demotion to the Third Division.
The defender received criticism from some quarters for his decision to remain with the club in its new form, but the 28-year-old insisted that nothing mattered to him apart from helping Rangers get back to where they belong.
When asked about the negative reaction to his decision, he told the club's official website: "It was something I never took notice of at the time. It was all about Rangers for me and how I could contribute and play my part in the club’s recovery to get back to the levels where we should be playing our football.
"This is the club that I love and the club that I wanted to go on and do ever so well for. The fact is I came to this club to be a winner and to be successful. I arrived into a dressing room full of winners, and in five or six years’ time if a new player comes in and says the same, but with me being one of those winners then, of course, I will be over the moon.
"This is a club that traditionally is used to winning top-level silverware, and I’m no different. I take pleasure in the fact that I have been there with the fans for the last couple of years and we have stuck it out together, and have done ever so well to get ourselves into a good position.
"I have been really, really fortunate to play for this club for the length of time I have, and there are hopefully a lot more years ahead of me with us being successful at the top level."
Wallace has been an integral part of Rangers' rise back through the Scottish football pyramid, being named vice-captain after choosing to stay and being appointed permanent captain by Mark Warburton last July.
The defender is currently enjoying arguably his most successful season for the club on a personal level, having scored eight goals in 38 appearances, including netting in the last two matches.
Rangers are 12 points clear at the top of the Scottish Championship as they close in on a return to the top flight after a four-year absence.