Input Output Global (IOG), the research and development arm of Cardano, has released Lace, a new light wallet platform for the Cardano ecosystem. Lace is the first native wallet for Cardano and allows users to send and receive digital assets, stake their ADA tokens, and access Cardano-based dApps.

The wallet also features a bundle transaction feature that allows users to send multiple assets to different addresses in one transaction, saving on fees. Lace is currently available as a browser extension, with plans to develop a desktop app in the future. Lace developers also plan to roll out in-wallet swaps, a dApp store, fiat-to-crypto on-ramps, and multi-delegation in future releases.