Paris-based crypto hardware wallet provider Ledger is considering a possible listing in New York as cyber-attacks on digital assets intensify around the world. The surge in demand for secure storage devices is being driven by the increasing threat of hacking targeting cryptocurrencies, prompting both retail investors and businesses to beef up their defenses amid a record year of cryptocurrency thefts. The move reflects Ledger’s growing influence in the competitive blockchain security environment and the company’s ambition to enter the US financial hub.
- Ledger is considering listing in the U.S. as demand for cryptographic security solutions surges due to growing cyber threats.
- The company’s revenue hit hundreds of millions of dollars in 2025 due to record cyberattacks targeting digital assets.
- Ledger reportedly manages about $100 billion worth of Bitcoin for its clients and is looking to expand in New York.
- The company’s recently introduced multi-signature wallet app faced mixed reactions over pricing and centralization concerns.
- Ledger remains the dominant player in the hardware wallet market, competing with brands like Trezor and Tangem.
Ledger eyes expansion into US to meet growing demand for crypto security
French crypto hardware wallet provider Ledger is considering listing in New York, aiming to capitalize on growing demand for secure asset storage due to a surge in cyber-attacks. CEO Pascal Gauthier revealed that 2025 was Ledger’s most successful year to date, with revenue soaring into triple digits, driven primarily by the growing need to protect digital assets from increasingly sophisticated hacking activities.
“We are getting hacked more and more every day. Attacks on bank accounts and cryptocurrency wallets, this is a relentless trend. This situation is not going to get better soon,” Gauthier explained.
The acceleration of these threats comes amid a record year for cryptocurrency theft, with hackers exploiting vulnerabilities to steal $2.2 billion worth of digital assets in the first half of 2025, more than in all of 2024 combined. According to Chainaization’s report, approximately 23% of these attacks target individual wallets, highlighting a critical security gap for retail investors.
Ledger’s prominence in the market is highlighted by the company’s claim to set aside around $100 billion of Bitcoin (BTC) for its users. The company expects a seasonal peak in demand between Black Friday and Christmas, which could further increase revenue. Plans are afoot to raise additional capital next year through private investment or a U.S. listing. Gauthier emphasized that New York is the epicenter of leisure expansion, noting that unlike Europe, which has been relatively dormant, “Money is flowing into cryptocurrencies in New York more than anywhere else.”
Competitors like Trezor and Tangem also offer cold storage solutions, but Ledger continues to dominate the space, backed by high-profile venture firms and valued at $1.5 billion in 2023. The company’s strategic move aims to strengthen its leadership in the hardware wallet and crypto security space.
Controversy surrounding Ledger’s multi-signature wallet feature
Recently, Ledger launched a new multi-signature (multisig) wallet interface aimed at enhancing the security of crypto assets. While many users praised the technological advancements, some expressed concern over the new fee structure, which included a flat $10 fee per transaction and the introduction of a 0.05% fee for token transfers, sparking criticism within the crypto community.
Developers like pcaversaccio argued that these changes threaten Ledger’s reputation as a cypherpunk-oriented project, and that the app’s new revenue-driven model risks creating centralized choke points that could undermine user sovereignty in an ecosystem built on decentralization.
As the hardware wallet provider weathers these growing pains, the company’s leadership continues to focus on strengthening its security solutions amid increasing threats and competitive pressures in the crypto market.