Solegenic, an ecosystem that facilitates users with investing, trading, and on-demand tokenization of assets such as stocks, ETFs, and fiat on top of the XRP Ledger, announced today new partnerships with XUMM, XRP Toolkit, and support of the SOLO token on Ledger Nano S, Ledger Nano X, and Trezor T.
Built on top of the XRP Ledger, Sologenic creates a dynamic bridge between crypto-assets and non-blockchain based assets such as stocks, ETFs, and precious metals. The collaborations between Sologenic, XUMM, XRP Toolkit are significant developments in driving the global adoption of SOLO.
XUMM
XUMM is a platform developed by Wietse Wind’s team, XRPL LABS. XUMM allows its users to sign, and track crypto transactions and have access to banking services such as fiat currency in the future version of the app. The SOLO core team collaboration with XUMM will see the application integrated on the decentralized SOLO Wallet for signing transactions. SOLO and tokenized assets from the exchange will also be available on XUMM.
Commenting on Twitter, Wietse Wind said, “This will mean you can use the SOLO ecosystem while using XUMM for signing for transactions without ever entering your secret (password) again.”
XRP Toolkit
XRP Toolkit is a web interface for interacting with the XRP ledger. As part of the partnership, SOLO and its tokenized assets will be available on the upcoming XRP Toolkit v2.
Ledger / Trezor
Also, through another partnership with Sologenic, Towo Labs will ensure assets issued on the XRP Ledger, including SOLO, stocks, and ETFs, are securely stored on the two most popular hardware wallets: Ledger Nano and Trezor.
Bob Ras, the co-creator of Sologenic, recently posted a video on twitter showing SOLO transactions being signed on both Ledger Nano and Trezor devices.
The firmware updates have been sent to Ledger and Trezor and are expected to be approved within the next two months.