French crypto {hardware} pockets supplier Ledger is contemplating a New York itemizing as surging cyberattacks drive document demand for its {hardware} units, sending revenues hovering into the triple-digit hundreds of thousands in 2025.
CEO Pascal Gauthier just lately told the Monetary Instances that the corporate, based in Paris in 2014, is seeing its finest 12 months but as each people and firms rush to guard their digital belongings from more and more refined hackers.
“We’re being hacked increasingly every single day … hacking of your financial institution accounts, of your crypto, and it’s not going to get higher subsequent 12 months and the 12 months after that,” he stated.
The increase comes amid a document 12 months for crypto-related thefts. Hackers stole $2.2 billion price of digital belongings within the first half of 2025, surpassing the overall 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 price of Bitcoin (BTC) for purchasers, and would possibly additional profit from seasonal spikes throughout Black Friday and Christmas.
He added that the corporate is getting ready to lift funds subsequent 12 months, 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 right now for crypto, it’s nowhere else on the earth, it’s definitely not in Europe.”
Rivals resembling Trezor and Tangem additionally provide “chilly storage” wallets, however Ledger stays essentially the most outstanding identify out there. The corporate was final valued at $1.5 billion in 2023, backed by 10T Holdings and True International 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 strong technical step ahead, the brand new payment construction, together with a $10 flat payment per transaction and a 0.05% variable payment for token transfers, triggered criticism from parts of the crypto community.
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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