MoonPay has integrated Ledger hardware wallet support into its command-line interface wallet for automated trading agents. This allows users to verify and sign agent-generated transactions on a Ledger device while keeping private keys offline. The update aims to address security vulnerabilities inherent in automated systems, enabling secure hardware signing across multiple major blockchain networks.
MoonPay has added support for hardware wallets to its automated trading agents. This allows users to verify transactions and sign them using Ledger. This update is applicable to the firm’s command-line interface wallet, where the keys are stored offline.
According to the announcement, the update allows for hardware signing of the transactions that the automated agents create. The users will be able to sign the operations on the Ledger device. This is to ensure that the keys are never left in an insecure environment.
MoonPay said that the feature is designed to address security vulnerabilities that automated trading systems face. The bots that perform the trading operations must have direct access to the keys in the wallet. This is a weakness that could allow the assets to be compromised.
The new setup will allow the execution of the transactions to be separated from the authorization. The trading agent will create the transaction first. The user will then sign the action on the hardware wallet.
This structure keeps control with the owner of the assets. It also allows automation without transferring custody. The model supports several portfolio management tasks across networks.
The swaps, transfers, and balance management can be done using the CLI system. However, every action still requires manual approval. The device confirmation step is used to ensure that no unauthorized activity is performed.
The system supports several major blockchain networks. The supported blockchain networks include Ethereum, Solana, Arbitrum, Optimism, Polygon, Base, BNB Chain, and Avalanche.
According to Ivan Soto-Wright, the CEO and founder of MoonPay, the approach is as follows: “Autonomous agents may be able to handle large amounts of digital assets. Security should continue to be a core component of that.”
“Autonomous agents will manage trillions in digital assets,” Soto-Wright said. “But autonomy without security is reckless.”
The announcement follows MoonPay’s recent partnership with stablecoin platform M0. The companies introduced PYUSDx, a framework for creating application-specific stablecoins backed by PayPal USD.
