French crypto hardware wallet maker Ledger is reportedly planning to secure more funding, probably by 2026. This, as the overall demand for crypto-assets security devices has led to the firm experiencing its best financial performance to date (as revealed in a recent update from the FT).
Ledger Chief Executive Officer Pascal Gauthier stated that the Paris-headquartered firm is currently looking into whether it should pursue a listing in New York or consider a private investment round. The crypto hardware wallet manufacturer is said to expanding its business operations in the city.
Gauthier said that he is spending more time in New York. He thinks that there could be significant potential for crypto products in New York and that this demand may be more than it is right now in European markets.
The funding round plans have surfaced as Ledger reported its strongest financial performance so far. This, according to the latest FT update.
Ledger revenues reportedly reached millions of dollars this year alone. The revenue boost comes prior to the tech firm’s best sales period during Black Friday and the festive shopping season.
Ledger presently secures around $100 billion in BTC for clients and the firm had been valued at $1.5 billion back in 2023. The valuation came after acquiring funding from 10T Holdings and True Global Ventures.
Recently, the hardware wallet maker introduced an iOS app for its enterprise clients and enabled native TRON support. However, the firm’s native multisig wallet feature led to a somewhat mixed reaction from devs and experienced end-users.
At present, Ledger competes for market share with Trezor and Tangem. This, as the ecosystem for reliable digital assets storage products continues to surge.
This past year has been one of web3 and crypto industry’s worst periods when it comes to security issues with bad actors stealing over $2 billion in H1 of this year. This, according to a Chainalysis update.
Concerningly, wrench attacks or brutal assaults on people holding valuable digital assets have been increasing as well.
As widely reported, Ledger co-founder David Balland had been kidnapped earlier this year by criminals that wanted millions in crypto ransom. They even went as far as severing one of Balland’s fingers.
A young, French-Moroccan resident, who is believed to have carried out various crypto-related kidnappings in France, has now been taken into police custody.
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