VET/VTHO digital assets by the VeChain Foundation can now be stored on LedgerHQ. The foundation made the announcement through its Twitter handle on August 8. Additionally, the group said that X Node can also be stored on the wallet. It however said that currently it is not possible to transfer an already bound X Node.
One of the community members, TotientLabs built the VeForge Vault, which can also be used to store as well as manage VET/VTHO digital assets. This vault has been built in such a way that it is secure, and also offers easy access to the VeChain assets when needed.
TotientLabs was started by three partners who have a wealth of experience in information security, consulting, development compliance and blockchain development.
Expansion of custodial services
LedgerHQ is one of the leading companies around the world that offer security to crypto-related projects. The company is known for developing a hardware wallet called Ledger Nano S, which offers security to digital currency holders. The wallet is used by cryptocurrency holders to store tokens.
Ledger Nano S has been lauded by many in the market as being secure and efficient. Additionally, the company recently launched the Ledger Live, which complements Ledger Nano S.
Ledger Live was also launched to address the needs of companies in the financial sector that have interest in the cryptocurrency industry. Ledger Vault is also tailor-made to address the need of financial institutions. The vault can be used to store and manage digital currencies and at the same time offer maximum security.
In the recent days, Ledger has been adding support for a number of digital assets. These include particl, RSK, Kowala, Ontology, WanChain, ICON and PoA. All these have their applications on Ledger Live. Ledger Nano S will allow users to store digital assets while Ledger Live will enable them manage and view their balances.
VeChain partners with NTT Docomo
VeChain has formed a partnership with NTT Docomo, a leading mobile phone operator in Japan. Under the partnership, the two companies will jointly launch a high-speed 5G network. The network is expected to be launched in 2020.