- Ledger has partnered with HAYVN to provide Ledger Live customers with secure access to convert crypto to fiat.
- HAYVN offers a wide range of financial services across multiple countries and jurisdictions, while Ledger Live enables users to buy crypto with fiat and deposit it into hardware wallets.
- The partnership also involves the integration of Ledger Enterprise to enhance asset management and security, focusing on strong compliance and governance.
Leading crypto hardware maker Ledger has partnered with HAYVN, a licensed financial institution focused on crypto, in a strategic collaboration that will provide Ledger Live users with safe and secure access to off-ramping rails.
According to the company’s statement, this partnership will enable Ledger clients to be able to convert crypto to fiat securely.
Ledger Live Customers to Have Access to Secure Off-Ramping
HAYVN is regulated in a number of countries and jurisdictions, including Australia, the Cayman Islands, Lithuania, and Abu Dhabi, and provides services like payments, trading, custody, and asset management.
Businesses, corporations, and other institutional users can use the platform’s worldwide banking infrastructure to conduct multi-currency fiat transactions. HAYVN’s services are also used by governments, family offices, and individuals. Meanwhile, Ledger Live allows clients to buy cryptocurrency using fiat currency as well as make direct crypto deposits to their hardware wallet.
Christopher Flinos, CEO of HAYVN, stated, “This partnership with Ledger allows thousands of Ledger Live clients to safely convert to fiat. Such scale will increase confidence across the entire digital asset industry.”
According to the announcement, HAYVN’s collaboration with Ledger will also cover the implementation of the Ledger Enterprise solution. The company also intends to leverage the solution to manage client’s assets and to demonstrate the company’s security and governance.
Ledger’s VP of Enterprise Revenue, Sebastian Badault, stated that the wallet maker’s goal for Ledger Live is to provide a platform that lets customers “access the services they want in the manner they want.”
The Ledger executive stated that HAYVN’s good compliance record is critical to that goal. Aside from expanding users’ off-ramp alternatives, the collaboration expands access to self-custody. Using Ledger Enterprise demonstrates HAYVN’s commitment to robust governance and security, according to Badault.
Support for cryptocurrency payments for merchants on HAYVN Pay debuted in November last year, following a collaboration with WooCommerce. HAYVN Pay signed an agreement with Gayo Aviation in August of this year to enable cryptocurrency payments to the luxury travel provider.