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In today’s crypto news, we have the major crypto web wallet provider Blockchain in a new partnership deal with the hardware wallet producer Ledger that will see both of the companies manufacturing a custom hardware device that will allow all users of Blockchain to manage their online and offline funds in a simple and familiar interface.

First unveiled on Thursday, the new Blockchain Lockbox was described as a “first of its kind” combination of hardware and software. The wallet will leverage the strengths of both companies and provide Blockchain users with a way to organize their funds offline, securing them from hacks while also giving them the option to leave their funds in the non-custodial web wallet (which they can access separately from the hardware wallet).

Peter Smith, who is the CEO and co-founder of Blockchain, commented on the new announcement, stating:

“The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,”

The device will also adopt the software from Ledger Nano S, even though it features custom Blockchain firmware rather than the standard version. According to Ledger, the deliveries of the device (which is now available for preorder for $99.99) are set to begin in November this year.

“With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space,” said the president of Ledger, Pascal Gauthier.