Ledger Live Integrates THORChain to Enable Native Cross-Chain Swaps

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

Hardware wallet provider Ledger has announced a new partnership with decentralized finance protocol THORChain to launch native cross-chain swaps on its platform.

The integration will allow users to swap assets across blockchains, such as swapping Bitcoin ( BTC ) for Ether ( ETH ), directly from within the Ledger Live app.

According to a Oct. 22 post to X by Ledger, the hardware wallet manufacturer announced the new feature in partnership with THORChain. The integration will reportedly allow users to swap assets from different blockchains — such as swapping Bitcoin BTC $67,375 into Ether ETH $2,642.30 — more easily.

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.

Once enabled, users will be able to select the assets they want to swap, choose the desired amount, and then preview the transaction before confirming it.

The integration is currently available for a limited number of assets, including BTC, ETH, BNB, XRP, BCH, LTC, TRX, and DOGE. However, Ledger stated that it plans to expand the range of supported assets in the future.

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.

Related: THORChain hits $10B monthly volume as Bitcoin maxis debate safety

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 with the aim of building 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.