Ledger Joins The Universal Protocol Alliance
Ledger Joins The Universal Protocol Alliance
June 16, 2020
Ledger Joins The Universal Protocol Alliance
Ledger Joins The Universal Protocol Alliance
June 16, 2020

Digital asset hardware wallet firm Ledger has joined a blockchain interoperability coalition, the Universal Protocol Alliance.

On June 11, UPA made an announcement revealing that the hardware wallet maker will be integrating its blockchain security and infrastructure solutions with Universal Protocol technology and assets. 

UPA singled out Ledger Vault, the Ledger’s multi-authorization governance infrastructure and insurance-backed asset management solution as a key component that addresses the concerns of the alliance and its members.

The alliance’s existing members include:

  • Bittrex Global
  • Decentralized lending platform Cred
  • Cypto payments platform Uphold
  • Smart contract security firm CertiK
  • Blockchain at Berkeley

The UPA focuses on making cryptocurrencies interoperable has issued stablecoins such as:

  • Universal Dollar (UPUSD)
  • Universal Euro (UPEUR)
  • Universal Protocol Token (UPT)

Dan Schatt, UPA co-founder and CEO of Cred said that Ledger’s solutions, which are tailored to custody digital assets for banks, hedge funds, exchanges, and high net worth individuals will “contribute to UPT as a mega utility token” and drive mass adoption of blockchain technology using UP tokens.

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Source: Cointelegraph | Image: Pexels


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