South Korean tech giant LG Electronics intends to launch a crypto wallet based on the Hedera Hashgraph network in the third quarter of 2022, News1 has reported.
The company began started testing of the application last month as the last stage of verification.
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According to the publication, LG has registered the portfolio name and logo, Wallypto, as trademarks in Korea and abroad.
Wallypto will initially support HTS tokens and Hedera-based NFTs. However, after its official launch, developers are expected to expand the list of supported networks and assets.
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The company in March included "the development and sale of blockchain-based software" in the founding documents.
The wallet will reportedly be able to interact with IoT devices built on the LG ThinQ platform.