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Ledger will allow users to swap assets across chains in its app using the decentralized liquidity protocol THORChain.
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Ledger Live has partnered with decentralized finance protocol THORChain to launch native cross-chain swaps on its platform, allowing users to swap assets across blockchains from within the Ledger Live app.
The hardware wallet manufacturer announced the new feature in an Oct. 22 post to X, sharing that the new partnership would allow users to swap assets from different blockchains — such as swapping Bitcoin (BTC) into Ether (ETH) more easily.
Source: Ledger
This marks the first time Ledger has integrated a decentralized finance protocol to enable native swaps between blockchains on its Ledger Live app.
THORCHain is a decentralized liquidity protocol that lets users swap assets across different blockchain ecosystems without relying on wrapped assets.
In a follow-up blog post, Ledger explained that users of Ledger Live — an app that allows Ledger users to trade, exchange, and stake cryptocurrencies from their cold wallet device — could swap assets by heading to the “discover” page and then opting into the new feature.
Ledger Live users can swap assets natively between blockchains using THORChain. Source: Ledger
On Oct. 18, a pseudonymous crypto pundit suggested that THORChain may soon integrate with Binance’s Web3 wallet, a self-custody crypto wallet operated from within the Binance platform.
While not directly confirming the speculation, THORCHain founder John-Paul Thorbjornsen — who goes by the moniker “JP THOR” on X — said, “and that is just the start” in response.
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The partnership with Ledger comes one month after THORChaion announced a major integration with the decentralized finance network “Rujira Alliance” — a new ecosystem formed when Kujira merged with several of its major ecosystem projects.
On Sept. 10, Kujira merged with three of its partners — Fusion, Unstake, and Wink — to create the Rujira Alliance to build a new application layer for THORChain.
At the time, Thorbjornsen told Cointelegraph that the new app layer wouldn’t be “another little project” but a new DeFi “behemoth” that could one day rival Solana in terms of utility and volume.
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This article first appeared at Cointelegraph.com News
