Ledger Moves into Hong Kong to Broaden Reach of Crypto Security Products in APAC

Ledger, a leading company providing crypto security solutions, is expanding its global presence to Hong Kong. The move is designed to boost its presence in APAC countries and “meet increasing demand” for Ledger Vault crypto self-custody solution and Ledger’s trademark hardware wallet the Ledger Nano S. Ledger has selected Benjamin Soong as Head of Asia Pacific operations.

Prior to joining Ledger, Soong held positions at S&P Global Market Intelligence, including most recently as Managing Director, Head of Asia Pacific Sales. Earlier in his career, Soong worked in finance and accounting roles at KPMG and Deloitte.

Ledger provides hardware solutions for users to store their crypto in a secure and convenient manner.  Ledger Vault provides the information technology infrastructure for firms to completely manage and control their cryptocurrencies, allowing custodians, asset managers, and traditional financial services firms to store and trade their digital assets.

The Ledger Nano S is said to be the top selling crypto hardware wallet globally. The product isolates private keys from the owner’s computer or smartphone, which are easily hackable, in order to protect the owner’s cryptocurrencies.

The wallets, which support over 40 cryptocurrencies, enable users to check their accounts, send and receive cryptocurrency payments with less risk.

Pascal Gauthier, President of Ledger, said Soong will play a vital role in their expansion:

“He brings a tremendous amount of experience and expertise in the region, which will help Ledger capitalize on future opportunities. APAC is a key market that has seen increased demand. With Benjamin at the helm, we are confident we can deliver top security for both consumers and financial institutions to protect their crypto assets.”

Soong said they expect to grow quickly and have already targeted future office expansion in Tokyo, Seoul and Singapore.

“I have seen firsthand how mobile, digital and crypto have taken off across Asia, and the opening of this office will help meet the increased demand for our products and services.”

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