cryptoglobe.com
Xpring, Ripple's investment and incubator arm, announced on Wednesday (October 16) that it had invested in Swedish startup Towo Labs, which is developing open-source firmware that will allow popular hardware wallets to provide full support for the XRP Ledger (XRPL), which means that XRP HODLers will be able to use all 17 XRPL transaction types in a secure non-custodial fashion.
Xpring's announcement says that that Towo Labs is the team that created the extremely useful resource XRP Toolkit, which provides a "trustless, non-custodial web interface to the XRP Ledger."
Towo Labs' advisors include Matvey Mukha, Founder of Secalot, and Wietse Wind, Founder of XRPL Labs.
Towo Labs' talented team consists of just three software engineers: Markus Alvila (also the startup's founder), Patrik Sletmo, and Silas Lenz.
Alvila explained via a blog post what this strategic investment from Xpring means support for the following two projects
- Supporting All XRPL Transaction Types on Hardware Wallets.
- New XRP Toolkit with Full Hardware Wallet Support.
Featured Image Courtesy of Towo Labs