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IDG-Backed Ethereum Wallet to Integrate With Ledger Device

Published 11/02/2018, 09:00 AM
Updated 11/02/2018, 09:45 AM
© Reuters.

Cryptocurrency users who store their private keys on Ledger's hardware wallets will soon be able to manage their assets via imToken, the China-based ethereum wallet app backed by investment firm IDG Capital.

Revealed exclusively to CoinDesk, imToken said on Friday that the firm has independently built what it calls a "universal hardware solution" that will link up with cold wallet devices made by Ledger and the Taiwan-based CoolBitX – a firm partially owned by Japanese financial giant SBI Holdings.

Ben He, founder and CEO of imToken, said the aim is to bridge the gap between software- and hardware-based wallet services and ultimately help enable wider adoption of cryptocurrencies.

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