French crypto {hardware} pockets supplier Ledger is contemplating a New York itemizing as surging cyberattacks drive file demand for its {hardware} units, sending revenues hovering into the triple-digit hundreds of thousands in 2025.
CEO Pascal Gauthier not too long ago instructed the Monetary Occasions that the corporate, based in Paris in 2014, is seeing its finest yr but as each people and firms rush to guard their digital property from more and more subtle hackers.
“We’re being hacked an increasing number of each day … hacking of your financial institution accounts, of your crypto, and it’s not going to get higher subsequent yr and the yr after that,” he stated.
The increase comes amid a file yr for crypto-related thefts. Hackers stole $2.2 billion value of digital property within the first half of 2025, surpassing the full for all of 2024. About 23% of those assaults focused particular person wallets, the FT reported, citing Chainalysis.
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Ledger secures $100 billion in Bitcoin
Gauthier stated Ledger secures about $100 billion value of Bitcoin (BTC) for patrons, and may additional profit from seasonal spikes throughout Black Friday and Christmas.
He added that the corporate is getting ready to lift funds subsequent yr, both via a personal spherical or a US itemizing. He added that Ledger is increasing its New York headcount, noting that “cash is in New York at the moment for crypto, it’s nowhere else on the earth, it’s actually not in Europe.”
Rivals equivalent to Trezor and Tangem additionally supply “chilly storage” wallets, however Ledger stays essentially the most distinguished identify out there. The corporate was final valued at $1.5 billion in 2023, backed by 10T Holdings and True World Ventures.
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Ledger’s new multisig app sparks backlash
Final month, Ledger launched a brand new multisignature (multisig) interface, drawing blended reactions from customers. Whereas many praised the improve as a stable technical step ahead, the brand new price construction, together with a $10 flat price per transaction and a 0.05% variable price for token transfers, triggered criticism from components of the crypto neighborhood.
Builders like pcaversaccio accused the corporate of straying from its Cypherpunk roots, claiming Ledger is popping its app right into a centralized “choke level” to extract income from customers.
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