Ripple Labs makes Strategic Investment in Towo Labs

Ripple incubator Xpring announced about the investment in Swedish startup Towo Labs.

Towo Labs is designing open-source firmware enabling complete support for the XRP Ledger by the market leading hardware wallets. This means that XRP owners will have the possibility to utilize all the 17 XRPL types of operation in a secure non-custodial fashion.

In accordance with the announcement of Xpring, the startup has developed exceedingly effective resource XRP Toolkit, providing a trustless, non-custodial web interface for XRP Ledger.Advisors of Towo Labs are founder of Secalot Matvey Mukha and founder of XRPL Labs Wietse Wind.

The founder & engineer of Towo Labs Markus Alvila explained how will this Xpring strategic investment help the 2 projects: enabling all XRPL types of operations on hardware wallets and up-to-date XRP toolkit with comprehensive hardware wallet support. He stated that complete XRPL support by popular hardware wallets will enable the operations be prepared from not trustworthy devices & apps before being examined and securely signed inside a hardware wallet.

Speaking about new XRP toolkit, Alvila mentioned that the new edition will have better design, landing page & user documentation as well. Furthermore, it will be carried out as a progressive web application with offline support for operating systems Windows, Linux and macOS, also for mobile operating systems Android & iOS.

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