Ledger Eyes Significant Funding Round as Crypto Security Demand Skyrockets

Paris, France – Ledger, the prominent French manufacturer of secure cold storage solutions for cryptocurrencies, is reportedly preparing for a substantial new funding round next year. This strategic move, as detailed in a report by the Financial Times, comes on the heels of the company achieving its most impressive operational results to date, fueled by an unprecedented surge in investor demand for robust cryptocurrency security.

Strategic Expansion and Capital Focus on New York

Pascal Gauthier, CEO of Ledger, revealed the company’s active consideration of either a New York stock exchange listing or a private placement. Concurrently, Ledger is aggressively expanding its presence and operations in the bustling financial hub of New York. Gauthier emphasized the strategic importance of this geographic focus, stating:

“I spend more time in New York based on the understanding that the capital in the crypto space is now concentrated in New York, not anywhere else in the world, especially not in Europe.”

This commitment underscores New York’s growing dominance as the global epicenter for cryptocurrency investment and innovation.

Record Performance Paves Way for Growth

Ledger’s plans for a new funding injection are firmly supported by its stellar financial performance. The company has already recorded tens of millions of dollars in revenue year-to-date, a remarkable achievement that precedes even the traditionally strong sales periods of “Black Friday” and the year-end holiday shopping season. This strong organic growth highlights the intrinsic market need for Ledger’s digital asset protection solutions.

Currently, Ledger plays a critical role in securing over $100 billion worth of Bitcoin for its global user base. The company’s robust market position was last affirmed in its 2023 funding round, which valued Ledger at $1.5 billion and attracted significant investments from firms like 10T Holdings and Singapore’s True Global Ventures.

Innovation Meets Market Dynamics

In line with its growth trajectory, Ledger has continued to innovate, recently rolling out an enterprise iOS App and expanding support for the TRON blockchain. While the introduction of its new Multisig Wallet feature has elicited varied responses from developers and long-term users, the overarching market demand, critically driven by a heightened awareness of security vulnerabilities, provides a strong foundation for Ledger’s ambitious fundraising or IPO considerations.

Escalating Security Threats Drive Demand for Cold Wallets

The urgency for enhanced cryptocurrency security has never been more pronounced. According to alarming estimates from Chainalysis, 2025 is projected to be the most severe year yet for crypto security breaches. In the first half of the year alone, cybercriminals have already plundered an astonishing $2.17 billion in digital assets, a figure that tragically surpasses the total losses recorded throughout all of 2024.

Adding to these digital threats is a disturbing rise in physical coercion tactics, known as “Wrench Attacks,” particularly across Europe. These brutal incidents involve directly threatening cryptocurrency holders to force them into revealing their private keys. A stark example of this growing danger occurred in January, when Ledger co-founder David Balland was kidnapped by a criminal group. The perpetrators demanded a staggering €10 million in cryptocurrency ransom and, in a horrifying act of violence, severed one of his fingers.

Such harrowing events underscore the critical importance of secure hardware wallets like Ledger, positioning the company as an indispensable guardian in an increasingly perilous digital landscape. As the crypto world grapples with escalating threats, Ledger’s commitment to innovation and security offers a beacon of trust, making its upcoming funding round a pivotal moment for the future of digital asset protection.