Ledger Broadens Support for Tezos and Etherlink in New Integration
In a strategic move to bolster its digital asset security offerings, Ledger has unveiled native support for Etherlink, an EVM-compatible smart rollup developed on the Tezos blockchain. This expansion deepens Ledger’s collaboration with the Tezos ecosystem by incorporating Etherlink capabilities across its LedgerTM signers and Ledger WalletTM solutions.
Comprehensive Integration of Etherlink and Tezos into Ledger’s Ecosystem
As per the latest announcement made on January 29, Ledger’s update introduces full integration for Etherlink and the tez (XTZ) token within its ecosystem. This includes seamless integration with Ledger signers, enhanced functionality on both Ledger Wallet’s desktop and mobile platforms, and forthcoming native support for Tezos Layer 1 staking.
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Since 2019, Ledger has facilitated Tezos delegation, managing over 10 million XTZ through Ledger Wallet for governance and voting participation, reflecting its commitment to empowering the Tezos community.
Enhanced Capabilities for Ledger Users with Etherlink and Tezos
The new integration offers Ledger users a secure platform to store, send, receive, and manage Etherlink-based XTZ using Ledger Wallet. The update features hardware-enforced Clear Signing, ensuring secure tez transactions on the Etherlink network. Users also benefit from comprehensive account management, including balance monitoring, transaction history, and built-in swap functionalities.
Additionally, Ledger Wallet users can now directly engage with the Etherlink DeFi ecosystem, accessing established protocols such as Curve, Morpho, and Uniswap. They can also explore newer platforms like uranium.io, which provides tokenized physical uranium and other self-custodied assets.
Future Prospects: Native Tezos Staking Support
Looking ahead, Ledger plans to introduce native Tezos staking support. This development is anticipated to enhance user participation in the Tezos network’s security, concurrently offering additional yield opportunities under the umbrella of self-custody.
Charles Guillemet, CTO at Ledger, emphasized the importance of security, stating, “Uncompromising security is essential for users of Tezos and Etherlink. Enhanced support within the Ledger ecosystem was a top priority, ensuring users can confidently engage with DeFi knowing their assets are safeguarded by Ledger’s robust security measures.”
Increasing Adoption of Etherlink with Ledger’s Support
As Etherlink witnesses rising adoption, characterized by sub-second confirmation times and minimal transaction costs, the significance of Ledger’s signer support becomes apparent. This feature is particularly beneficial for institutions seeking secure solutions for managing digital assets within EVM-compatible frameworks.
Anthony Hayot, Head of DeFi Partnerships at Nomadic Labs, remarked, “This integration is a pivotal step in making Tezos and Etherlink assets more accessible to security-conscious users. With this Ledger integration, our ecosystem benefits from industry-leading hardware wallet protection while maintaining the seamless user experience that drives adoption.”
