Ledger Live has partnered with decentralized finance (DeFi) protocol THORChain to launch native cross-chain swaps on its platform. This will allow 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 partnership will 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 DeFi 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 said that users of Ledger Live — an app that allows Ledger users to trade, exchange and stake cryptocurrencies from their cold wallets — 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 a month after THORChaion announced a major integration with the DeFi network “Rujira Alliance” — a new ecosystem formed when Kujira merged with some of its ecosystem projects.
On Sept. 10, Kujira merged with three partners — Fusion, Unstake and Wink — to create the Rujira Alliance, which will 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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