Ripple’s Xpring Invests In Towo Labs

Another investment by Ripple Xpring, as Towo Labs has joined the list.  Towo Labs, a Swedish startup aimed at simplifying crypto self-custody, today announced a strategic investment from Xpring, Ripple’s developer initiative to build the internet of value. Towo Labs was founded in 2019, to develop XRP Ledger and Interledger infrastructures and make non-custodial crypto management easier.

Towo Labs will be making open-source contributions to the leading hardware wallets, subject to their contribution guidelines. Users will be able to fully manage their XRP Ledger accounts and sign any transaction type using the leading hardware wallets.

We got the official announcement today on twitter by Xpring and Towo Labs twitter accounts.

The #Xpring network continues to grow! With @TowoLabs, #XRP holders will be able to leverage all of the transaction types of #XRPL in a secure format. https://t.co/ldcXu0UNnv

— Xpring (@XpringDev) October 16, 2019

We’re excited to officially launch today, with new funding from @XpringDev! Read up on our plans to simplify #crypto self-custody here: https://t.co/jOzAqvegaD

— Towo Labs (@TowoLabs) October 16, 2019