Ledger, a custody service provider, has announced the launch of a mobile iOS app and added TRON blockchain support for institutional clients. The update extends Ledger’s capabilities beyond desktop access for the first time.
Importance of TRON Support
Sebastien Badault, Ledger's vice president of enterprise, highlighted the significance of the TRON network for high-volume stablecoin transactions, especially in Asia and emerging markets. "TRON is the go-to network for USD token transactions in the region," he noted, emphasizing the need for faster approvals to avoid costs associated with market volatility. Nearly $80 billion in transactions are processed weekly on TRON.
Expanding Ledger’s Enterprise Platform
Ledger Enterprise supports over 15 blockchains, including Bitcoin, Ethereum, and Solana. The new iOS app incorporates features like hardware-enforced signing, multi-approval governance, and Ledger Stax devices. Trusted Display technology enhances transaction security, preventing interface manipulation.
The Future of Ledger Enterprise
With over 75 institutional clients, including more than 15 custodians, Ledger emphasizes the importance of "full auditability" for regulatory compliance. As stablecoin transaction volumes grow, the mobile expansion may prove crucial for capturing new opportunities.
The launch of the mobile app and TRON support demonstrates Ledger's continued adaptation to the needs of institutional clients and the stablecoin market, potentially solidifying its position in a rapidly changing financial landscape.
