A recent integration by French hardware wallet manufacturer Ledger allows users to swap tokens across multiple blockchains directly within the Ledger Wallet app, marking a significant advancement in decentralized finance. Launched on Tuesday, this feature ensures that users maintain hardware-based custody while accessing decentralized exchange liquidity.
The new feature operates using OKX DEX’s X-Routing technology, which aggregates liquidity from hundreds of decentralized exchanges to identify the most efficient trading paths. Importantly, all transactions are signed on the Ledger hardware device, meaning users’ private keys remain secure and never leave the secure element of the hardware wallet.
According to a Ledger spokesperson, the rollout of this feature will take place gradually, with around 20% of Ledger Wallet users gaining access starting Tuesday. Notably, users are not required to perform firmware updates or download any new apps to take advantage of the integration.
Initially, the service supports six blockchains: Ethereum, Arbitrum, Optimism, Base, Polygon, and BNB Chain. However, users should be aware that the first version does not facilitate cross-chain swaps or transactions involving different seed phrases, restricting exchanges to tokens on a single blockchain.
OKX DEX functions as a liquidity aggregator distinct from the centralized exchange platform of OKX, routing transactions through various on-chain venues to enhance trade execution for users.
The launch of this feature arrives alongside speculation regarding Ledger’s potential U.S. initial public offering (IPO), which could value the company at over $4 billion. Reports indicate that financial institutions such as Goldman Sachs, Jefferies, and Barclays are engaged in preliminary discussions related to this IPO, although Ledger has yet to confirm any details.
The broader market context features multiple crypto firms aiming for public debuts in the near future. For instance, tokenization platform Securitize is advancing its plans to go public through a merger with a special purpose acquisition company backed by Cantor Fitzgerald, reporting an impressive revenue surge of over 840% through September 2025.
Meanwhile, digital asset custodian Copper has explored listing options but has publicly stated it does not currently have IPO plans. U.S. exchange Kraken has made strides toward going public with a confidential filing to the SEC in November. In a staffing update, reports have emerged that Kraken has recently replaced its CFO, Stephanie Lemmerman, with Robert Moore, who was previouslyVP of business expansion, now serving as deputy CFO.
As these developments unfold, users are encouraged to conduct thorough research before making any decisions regarding the products and services mentioned.
