French hardware wallet maker Ledger is exploring a potential New York listing or a private funding round next year, as surging demand for crypto security devices propels the company toward its strongest financial year on record, according to comments by its CEO to the Financial Times.
Ledger’s chief executive, Pascal Gauthier, noted that the company is looking at both options as it expands its presence in New York. “Money is in New York today for crypto, it’s nowhere else in the world, certainly not in Europe,” Gauthier stated, emphasizing the stronger US investor appetite for digital asset infrastructure.
The interest in crypto security is being fueled by an alarming rise in digital thefts. Criminals have stolen over $2.1 billion in digital assets this year, according to Chainalysis data, driving more retail and institutional investors toward cold storage wallets like those Ledger produces for safer asset protection. The total value of illicit cryptocurrency transactions topped $40 billion in 2024.
The firm, founded in 2014, currently secures approximately $100 billion worth of Bitcoin for its customers worldwide. Ledger was last valued at $1.5 billion following a 2023 funding round.
