Ledger Live adds cross-chain swaps through THORChain partnership

Ledger Live has announced a new partnership with decentralised finance (DeFi) protocol THORChain (CRYPTO:RUNE), enabling users to perform native cross-chain swaps directly within the app. 

According to an Oct. 22 announcement, the integration will allow Ledger users to swap assets between different blockchain networks without relying on wrapped versions of cryptocurrencies. 

This marks Ledger’s first collaboration with a DeFi protocol to offer cross-chain swapping capabilities. 

Users can now exchange cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) seamlessly by accessing the new feature through Ledger Live’s “discover” page. 

THORChain is a decentralised liquidity protocol that facilitates swaps across multiple blockchains, removing the need for intermediaries or wrapped assets. 

This partnership offers Ledger users a secure and native way to exchange assets from their cold wallet devices. 

In a follow-up blog post, Ledger emphasised the simplicity of the feature, stating that the partnership with THORChain enhances the app’s existing trading and staking options. 

THORChain’s founder, John-Paul Thorbjornsen, hinted at further integrations, responding to speculation about a possible connection with Binance’s Web3 wallet by stating, “and that is just the start.” 

The collaboration with THORChain follows the protocol’s recent merger with the decentralised finance network "Rujira Alliance." 

In September, THORChain and its partners, including Fusion, Unstake, and Wink, joined forces to build a new DeFi application layer. 

Thorbjornsen described this venture as a potential “behemoth” in DeFi, highlighting its aim to match networks like Solana (CRYPTO:SOL) in utility and volume.

At the time of writing, the THORChain price was $5.03.